Tuesday, February 1, 2011

Greater participation of private banks required for FIP: AIBOC

The All India Bank Officers' Confederation (AIBOC) asked the private sector and foreign banks to participate with more enthusiasm and to put more effort in the Financial Inclusion Plan. Such an effort will increase the efficiency of FIP.

General Secretary of AIBOC Mr G.D Nadaf said “Presently, the working hours of bank officers are not regulated. We demand that their duty hours should be specified. Our confederation is opposed to mergers and acquisition in the banking industry and we demand more number of branches of public sector banks and also a commensurate addition in manpower.”

AIBOC also advocated for up-gradation in the pension and the medical facilities of the pensioners, five day working in banking industry and fixed working hours for the bank officials.

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