On May 23rd!

BEFI AIBEA AIBOA INBEC INBOF 
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 
financial newspapers.

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 
professional 
 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 Bank Nationalisation Act should be repealed and 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 %