Associations of the Bank Employees have decided to organise Protest demonstrations on 23rd May 2014, protesting against the recommendations of the Nayak Committee proposing reduction of government in PSU Banks to 50%, transferring ownership to “Bank Investment Company”, repeal of the Bank Nationalisation Act and SBI Act, bringing banks under the companies Act etc. These will completely destroy the PSU banks and in fact will result in virtual privatisation of PSU banks.

The Bank Employees Association has taken the correct decision to oppose these recommendations and resort to agitational programme. We fully support and extend solidarity to the agitation. We also demand the Government to completely reject these negative recommendations.