Bank union urges Narendra Modi to fill workman, officer bank director vacancies
The All India Bank Employees' Association (AIBEA) on Sunday sought Prime Minister Narendra Modi`s personal intervention to fill up the vacancies of workman/officer directors on bank boards.
In a letter to Modi, AIBEA General Secretary C.H.Venkatachalam said the posts of workman and officer directors in the banks that have fallen vacant from 2014, 2015 and 2016 still remain vacant and there is no representation of employees and officers on the boards of all the banks.
He noted that they had met Union Finance Minister Arun Jaitley on three occasions with our representation and were assured that the matter is under process and would be expedited "but still nothing has happened so far for the past two years", he said in the letter.
Venkatachalam said the unions have already submitted the panel of names for appointment as Workman/Officer director and the bank managements have also sent in their recommendations.
"We learn that all other formalities have also been completed but yet the appointments are withheld by the Government," he said.
Venkatachalam told IANS that there were 19 government banks which did not have workman directors and 20 did not have officer directors on their boards.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
06:30 PM IST