The United Forum of Bank Unions (UFBU) has called upon all unions of bank employees to organise protest meetings/demonstrations after working hours on May 21o condemn the recent recommendations of the Nayak committee that favoured privatisation of public sector banks. . “Many pivate sector banks in the country have collapsed in the past due to mis-management and fraudulent practices. Hence, public sector banks should not be privatised,” MV Murali, Convenor, UFBU said in a release issued here. The UFBU also demanded that all private sector banks should be nationalised.

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