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The All India Bank Employees Association (AIBEA) has condemned the Nayak Committee report on bank privatisation. The association has threatened countrywide demonstrations, rallies and protest programmes to demand rejection of the report. “We are also gearing up for a strike call if the report is not rejected,” the association’s General Secretary CH Venkatachalam said. “Banks deal with people’s money; this money therefore should not be used for private loot through private control,” he said.
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