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The United Forum of Bank Unions, a representative body of nine Bank unions, has called for day long all-India Bank strike on July 29.
The strike is to register the unions' protest against banking reforms being contemplated by the Central Government, All India Bank Employees Association General Secretary C. H. Venkatachalam said in a statement.
The UFBU has decided to express its protest by going on strike as the Government proposes to go ahead with banking reforms such as consolidation and merger of banks, sanction of more licences to private companies and privatisation of IDBI, the statement added.
No serious action is being taken by the Government and RBI to recover the huge bad loans in the banking system.
There are more than 7,000 deliberate and willful defaulters who owe Rs 60,000 crore to the banks.
"Even their names are not being published. We want criminal action to be taken on these wilful defaulters", Venkatachalam added.
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