The All India Bank Employees’ Association (AIBEA) and the All India Bank Officers’ Association (AIBOA) are planning to collect one crore signatures from customers and the general public seeking pro-people banking policies in the country.

CH Venkatachalam, AIBEA General Secretary, told BusinessLine that the United Forum of Bank Unions (UFBU) has decided to mobilise signatures from all its members, banks’ customers, general public and important personalities in a petition to the Lok Sabha Speaker, seeking to draw the attention of Parliament. The mass signature collection campaign will be completed by January 31.

The petition will be submitted to the Speaker during the Budget Session of Parliament.

Opposing any moves to privatise public sector banks (PSBs), the petition demands the strengthening and expansion of PSBs. It also stresses the need to stop any plans to merge or consolidate banks.

Making a strong plea not to write off bad loans of corporates, it says the laws should be amended suitably to enable quick recovery of bad loans.

The petition suggests the need to publish the names of loan defaulters once in six months.

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