The Hindu Business Line : Develop strategy for new scenario, SBI staff told

MEMBERS of the State Banks' Staff Union (SBSU) should work together to develop strategies to cope with the situation arising from the sweeping changes affecting the banking industry and the Indian economy as a whole, said Mr Y. Tharaknath, Secretary, All-India State Bank of India Staff Federation (AISBISF), and General Secretary, National Confederation of Bank Employees.

He made this observation while inaugurating the second General Council Meeting of the Kerala circle of the SBSU here on Sunday. Working with bank managements on issues such as computerisation and redeployment of staff, ensuring job security would always be the top priority for the SBSU and other unions affiliated to the AISBISF, he added.

Earlier, in a press note issued on the eve of the meeting, Mr Tharaknath said the AISBISF would work towards protecting the public sector banks from the privatisation exercise currently being contemplated by the Government. Privatisation of the public sector banks, which have played a major role in fostering national development, will have an adverse impact on the economy as a whole, he added.

The inaugural session of the conference also witnessed a felicitation for Mr V.G. Sidhardhan, General Secretary, SBSU-Kerala Circle, who is laying down office. Those who addressed the inaugural session included Mr C. Narasimhan, Chief General Manager-Kerala Circle, State Bank of India, Mr Profullokumar Patnaik, President, AISBISF and Mr Ananda Chandra Kalita, General Secretary, SBISA, North Eastern Circle.

The two-day meeting of the SBSU is expected create a plan of action to press for its demands. The delegates at the meeting will discuss a number of issues confronting employees particularly those in the banking sector. Issues that are likely to be focused on include the structural reforms being pursued in the banking sector, wage revision, moves to employ contract labour, mergers and acquisitions, frequent cut in interest rates and the flow of foreign direct investment into the banking sector.

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