The Hindu Business Line : Dena Bank employees plan strike on Jan 24

THE All India Dena Bank Employees Coordination Committee will organise a strike as part of its strategy to oppose the government's move to reduce its holding in the bank to 51 per cent.

The committee has proposed to take organisational steps, including strikes, as a way of expressing its protest, a statement here said, adding that an all-India strike would take place on January 24.

"The stale argument of the management that the disinvestment will strengthen the capital base is a hoax. Real maladies lie in the mounting portfolio of NPAs," Mr Kamal Bhattacharyya, President of the Committee, has observed.

The solution lies in taking effective recovery steps and not in dilution of the government's holding. Dilution of government's stake is a "prelude to privatisation" of the bank, the committee feels.

The United Forum of Bank Unions has resolved to support the proposed strike.

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