Our Bureau

Chennai, March 17

The All-India Banks Employees Association (AIBEA) and All-India Bank officers association (AIBOC) have planned a massive campaign including strike actions to protest the outsourcing of normal banking services by banks.

In a circular to its member units, the AIBEA said that massive outsourcing to private agencies in the guise of business correspondents and business facilitators was being done. It expressed fears that "bank premises will be virtually shut out for the common people." It also feared that gullible people would be duped and cheated by private agencies. It said that if outsourcing were done, there would hardly be any work in the branches for employees and there would be redundancies and surplus. Unveiling a programme of agitation including rallies and lunchtime demonstration, the circular also mentions the possibility of an all India strike in the 3rd or last week of May.

(This article was published in the Business Line print edition dated March 18, 2006)
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