The Hindu Business Line : `Trade unions should play leading role in development of banks'

TRADE unions should play a leading role in the development of the banks, Mr C.H. Venkatachalam, General Secretary of the All India Bank Employees' Association, said.

He was speaking at a function to inaugurate the new building of Karnataka Bank Employees' Association (KBEA) in Mangalore on Saturday.

Referring to the proposed changes in the banking industry, he said, "One does not know if these changes are in the interest of bank employees or detrimental to their interests."

The Chairman and Chief Executive Officer of Karnataka Bank Ltd, Mr Anantakrishna, said there is competition from all sides in the banking industry. In such a situation, employees should work for the progress of the bank. Progress leads to the growth of the institution, he said.

Mr P.R. Karanth, General Secretary of KBEA, welcomed the gathering. Mr A. Raghavendra Rao, President of the Srinivas Group of Colleges, was present on the occasion.

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