Bank unions give protest call

All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) have given a call for demonstration against the problems that various banks and their employees are facing due to demonetisation.

The associations have planned to hold demonstrations on December 28, followed by the unions addressing a letter to Finance Minister Arun Jaitley on December 29. The union members also plan to hold a demonstration over the issue on January 2 and 3.

AIBEA general secretary C H Venkatchalam and his AIBOA counterpart S Nagrajan said: “As per the call of our organisations, already our units have undertaken the programme of



demonstrations in all major centres and met the local executives of the RBI to hand over our memorandum.”

The unions have demanded to ensure supply of adequate cash to all banks and branches, restore all ATMs without further delay and ensure transparency in cash supply to banks. “If the RBI is not able to supply adequate cash to banks, then decision should be taken to suspend cash transactions in the bank branches till sufficient cash is supplied to banks,” the statement said.

They also demanded a CBI inquiry into the cases of seizure of huge number of new currency notes with some big persons when the bank branches are cash starved.