'Merger of nationalised banks is detrimental to banking system'
United Forum of Bank Unions stages protest in Mangaluru
Mangaluru, October 09: "Banks will have losses with the merger of nationalised banks. There is no proof that the merger of nationalised banks will strengthen the banking sector", said United Forum of Bank Unions district convener Vincent D'Souza.
Addressing a protest organised by the United Forum of Bank Unions in front of Canara Bank circle office at Balmatta in the city on Tuesday, he said that for the first time, among nationalised banks, five SBI group banks were merged. But in its 200 years of history, the State Bank of India had incurred loss for the first time. Now, the central government has planned to merge the Vijaya Bank, Bank of Baroda and Dena Bank which are in profitable mode and the bank employees would strongly condemn the decision, he said.
Why no action against Mallya, Nirav Modi and others?
Businessmen like Vijay Mallya, Nirav Modi and others, owners of Vinsam Diamond, Videocon and other companies had caused loss worth thousands of crores to the banks as they had failed to repay their loans. The government should take suitable action to recover the loan. The NPA percentage has been increasing in banks. Instead of taking action to reduce the NPA level, the central government has planned to merge the nationalised banks which is detrimental to the banking sector. The employees would continue their protest against such kind of merger, Vincent said.
Union leader Eknath Baliga and representatives of various other bank employees associations participated in the protest.
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Rajeev Chandrasekhar accuses LDF, UDF of backing Iran over Keralites in Gulf
Thiruvananthapuram (PTI): Kerala BJP president Rajeev Chandrasekhar on Monday hit out at both the ruling CPI(M)-led LDF and the opposition Congress-led UDF, saying that their reactions to the recent conflict in West Asia show that they are supporting Iran rather than standing with the people of Kerala living in the Gulf countries.
He accused both fronts of "playing politics" in the name of religion and appeasement ahead of State Assembly elections, rather than taking a clear stand on the crisis.
It is "surprising" that the Left Democrat Front and United Democratic Front are "supporting" Iran -- which is attacking Gulf countries that economically sustain Kerala and are considered a second home by Keralites, Chandrasekhar said in a statement here.
The BJP leader said Keralites, many of whom depend on jobs in Gulf Cooperation Council (GCC) countries, are anxious about the situation.
He underlined that the first priority should be the safety and security of expatriate workers and their families, not political gains.
His statement comes a day after Chief Minister Pinarayi Vijayan alleged that the United States was displaying "hooliganism" against Iran and accused it of taking "irrational" actions that undermine the sovereignty of nations.
The Congress has also "unequivocally" condemned the targeted assassination of Iran's Supreme Leader Ayatollah Ali Khamenei and said no external power has the authority to engineer a regime change, as such actions amount to imperialism and are incompatible with a rules-based international order.
Chandrasekhar said that the central government is offering help and guidance to Indian citizens in the region, and urged people not to panic.
To assist those affected, the Kerala BJP has opened helpdesks in 30 district offices and launched a toll-free number -- 1800-257-4357 --for Keralites seeking information or support connected to the conflict, the statement said.
