JKBOA Discuss Prevailing Position of Banking Sector

KL NEWS NETWORK

SRINAGAR

The Jammu and Kashmir Bank Officers’ Association Saturday held its executive committee meeting which was presided by its President Riyaz Ahmed Bhat.

“The members deliberated upon the various issues covering various aspects like onslaught of neo liberal policies of present ruling political class on downtrodden /exploited working class especially Bank staff, problems faced by the Banking industry due to reducing interest margins and increasing NPAs which have crossed three Lakh Crore figure and the prevailing position of the JK Bank which has accumulated bad debts to the tune of around Rs 3000 Crore,” a JKBOA said in its statement.

The statement said that some of the resolutions unanimously passed in the meeting, reflecting therein the aspirations of the officers of the Bank, are as under:

  1. To support the future programme of all the working class represented by central trade unions of which AIBOA will be expressing its support.
  2. To call upon the Management of The Bank to initiate stringent measures for institutionalized recovery mechanism of the NPAs taking full advantage of SARFAESI and DRTS wherever applicable and also consider the option of the publication of name of will-full defaulters in local dailies to force recovery from them.
  3. To call upon The Management of The Bank to consider the revisiting of holding of interviews for career progression, keeping in view PM’s observation made on 15th August 2015 from ramparts of Red Fort, and revert to process of ascertaining suitability on the basis of seniority cum absence of demerit.

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