Money & Banking

Officers’ body to sensitise people against FRDI Bill, bank mergers and privatisation

LN Revathy Coimbatore | Updated on January 08, 2018

The All India Bank Officer’s Confederation (AIBOC) has decided to say “no” to Aadhaar enrolment work.

D Thomas Franco, General Secretary, AIBOC, told BusinessLine that the confederation has decided not to take up Aadhaar enrolment work as there was paucity of manpower and no adequate training.

“It is not like linking the Aadhaar with the customer’s number. We are already doing this,” he reiterated, clarifying between enrolment work and seeding of Aadhaar with the customer’s account.

Franco was in the city to launch a ‘Peoples Parliament for Unity and Development’ campaign. “We are talking to all sections of the people — farmers, students, the common man, sensitising them about the path in which the country is moving. The campaign has started to gain momentum,” he said, and added that AIBOC has launched a signature campaign against FRDI (Financial Resolution and Deposit Insurance) Bill, mergers and privatisation of banks.

“We have covered around 30 districts in the last two months and collected around 10-lakh signatures this far. With the UFBU (United Forum of Bank Unions) joining us in this campaign, we intend to collect one crore signatures and submit the endorsements to the Lok Sabha Speaker.”

He said from end-January, the campaign would be further strengthened for a continuous period of 39 days, when he would travel across the length and breadth of the country to sensitise the masses about the FRDI Bill, bank mergers and privatisation of banks. This would culminate in a national level movement on April 23 in New Delhi, the AIBOC General Secretary said.

Published on January 01, 2018

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