Strike by Gramin Banks’ employees on 23rd September 2022 against IPO at the call of AIRRBEA

Report by Kamgar Ekta Committee (KEC) correspondent

As the government has decided to launch IPO for gramin banks, the All India Regional Rural Bank Employees Association (AIRRBEA) gave a call for strike on 23rd September 2022 to oppose the IPO for the following rerasons:

1. There will be a change in the basic structure of rural banks.
2. There will be a change in the priorities of the loan, At present 90% of the loan is given to the priority sectors
3. Gramin Banks were established to for the social concerns and make rural India economically self-reliant will go into the background.
4. With the capitalists having control over the system of Gramin banks, their priority will be to maximize profits.