call for country wide demonstration
against privatisation move of RBI Panel(Nayak committee)
on May 23rd and not strike as reported in news channels and
Date of demonstration changed from 21st to 23rd as some of the unions
In UFBU hesited to participate in the demonstration.
More light on Nayak Committee Report:
Privatise the Public Sector Banks
Government’s capital should be reduce to less than 50 %
Merger of Public Sector Banks
Design a new governance structure
Better compensation for Chairman and EDs
Keep PSBs out of CVC, RTI Act, etc.
Bank Investment Company should be created under
Companies Act which will control the Banks
The CEO of BIC should be a private equity investment
Ownership of Banks should be transferred to this BIC
Government should not issue any regulatory
instructions to Banks.
Bank Nationalisation Act should be repealed and
Banks should be covered by Companies Act.
Ownership functions should be handed over by the
Government to the BIC
Government should not appoint any Directors in the
Banks. BIC will do that.
RBI Nominee Directors in the Banks should step down.
Voting rights should be increased to 26 %