Breaking News
- »AIPEF asks the central government to itself import the coal and bear the additional cost to overcome coal shortage due to it’s own policy lapses and not burden the states
- »MSBEF appeals to the management of banks to take initiative to address the genuine concerns of the employees & unions
- »Speech given by Shri. Sanjeev Mathur, General Secretary, Bahujan Samajvadi Manch (BSM) at the Monthly Meeting of “All India Forum Against Privatisation (AIFAP)” held on Sunday, 8th May 2022
- »All Unions and Associations of BSNL (AUAB) to carry out a series of agitations from 27th May to 30th June for fulfillment of their demands
- »Kharagpur DRM Office Chalo – Call given by Save Railway, Save Nation Commitee
It is people’s hard earned money that is given to these monopoly houses like Tatas Birla and Ambanis in form of loans. They are the defaulters who don’t end up repaying the loans and the bank has to declare that as NPA. These private banks are then saved by Public sector banks with peoples money. The figures shown above are very hard hitting.
Majority of the people in this country have to work really hard in inhuman conditions to earn and provide for their families at all fronts. Whatever little savings they can make, are kept safe in the these banks.
The government has passed policies that have constantly reduced the rate of interest on savings every year and increased the rate of interest on the loans given to a common man. By privatizing public sector banks, the savings of majority of toiling masses are in grave danger. It will also affect the bank employees in the worst possible manner. We cannot let the government take such anti-people step which will benefit the capitalist class at the cost of lives and savings of majority of the toiling class.