ALL INDIA
POSTAL SBCO EMPLOYEES
ASSOCIATION
(Affiliated with National Federation of Postal Employees)
H.Q : @ T
Nagar HO , Chennai – 600017
No: AIPSBCOEA/05-2018 Dated : 13.5.2018
Bulletin No: 04
Dear
Comrades,
I have got immense pleasure to
reach each and everybody in our SBCO family through regular circulars. Our CHQ has
actively functioned to settle our issues
at Directorate level. Our circle union also is taking keen interest on staff
issues. Ironically, our union devoted full efforts in the exercise of
reallotments and rotational transfers. I would thank all for your strong
confidence, in keeping on AIPSBCOEA.
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BANKING CRISIS
Due to wrong imposition of policies and intensification of neo-liberal
economic policies most of the financial sectors are in crisis but the banking
sector is badly affected now a days. Demonetization and GST has aggravated
the situation more. At the time of Demonetization the common man had
supported and believed the Prime – Minister who stated that due to
demonetization corruption and black money will be finished, funding for
terrorist and anti national activities will be stopped, forged and fake
currency will be finished. The money which will not come in banks that will
be the income of Govt. But surprisingly 99% cash in the form of demonetized
Rs 1000/- and 500/- came back in banks. If the currency in Nepal & Bhutan
may be taken in account than there will be no money left as black money.
Still with some genuine citizens in India and abroad having some demonetized
currency with them which they could not deposit in banks due to many reasons.
Now again it is coming in
news in electronic and print media that in many parts of country, Banks are
suffering due to deficiency of cash and no cash is being put in ATMs. Banks
are not able to make payments to the customers. Some banks are making payment
in part and any how managing their customers.
At the time of
demonetization we had mentioned that this demonetization is not for the
reasons which mentioned by the Prime-Minister but because of lack of
liquidity i.e flow of money in banks.
Some top class
Industrialists who have taken loan from banks in thousand crores, they are
not repaying the loans causing huge amount of NPA(Non Performing Assets)
which has reached to an amount of Rs eight lakh crores. An amount of Rs two
lac forty thoushand crores has already been waived by the Govt which top
industrialists were deemed as they are not able to repay.
This Banking crisis is not a
simple one. This is lack of faith of common man in Govt and it’s policies as
the most of the people are not depositing their money in banks and keeping a
very little amount in banks because of the fear of F.R.D.I Bill in which it
is proposed that in the event of crisis in Banks, the deposited money of
public will be fixed in FD for 15 years and without the consent of depositor
leaving only Rs onelac in the S.B account . So the people are very much afraid
to keep their money in banks. After demonetization Rs 2000/- currency note
has been introduced which is also facilitating in dumping of the cash.
It has been reported by the
banks that 80% of Rs 2000/- note is not coming back in the banks. A common
man faces so many difficulties in taking a smaller loan for a very genuine
cause but the big corporate and big companies can take thousands of crores
rupees as a loan without any security and guarantee . For a common man for
taking loan about 150% property is required in the form of guarantee
but for the companies which have been given A+ rating do not require
any guarantee or security and thereby the big industrialists and corporates
like Viajy Malya, Nirav Modi, Kothari, Mehta and other get loan easily and
after that do not repay and the Banks, it’s staff and common man has to
suffer
After nationalization of
Banks in 1969 by the then Prime – Minister Smt. Indira Gandhi a tremendous
development in industrial sector was noticed as the loan was given by the
Banks to establish industries. But now after Nirav Modi and others, Some of
the top brass at the helm of Govt are demanding to privatize the Banks which
will not be in the interest of neither common man nor Govt. A large scale
unemployment may grow after privatization . There is acute shortage of
staff in Banks and employees are suffering like anything. One of the most
ambitious plan of Govt. i.e Mudra Yojna in which loan is granted to an
unemployed youth to establish his own business and up to Rs 50000/- loan, no
security or gurantee is required. A Bank manager told that most of the loanee
are not repaying back the loan and it is also becoming part of NPA.
So the crisis in Banking
Sector is purely because of wrong policies of Govt which require to be
rectified.
On May 4th 2018 Strike notice was served by the nine
constituent unions of NFPE Tamilnadu Circle unit (TN NFPE COC) for
going on indefinite Strike from 22.5.2018, in support of our AIPEU GDS and
exclusively for settlement of two vital demands GDS.
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