'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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2 drown, 4 missing after boat capsizes in Yamuna in UP's Hamirpur
Hamirpur (UP) (PTI): Two persons, including a child, drowned and four went missing went missing after a boat capsized in the Yamuna river here, police said on Thursday.
They said the incident took place on Wednesday evening in Kutubpur Patiya hamlet under Bhauli gram panchayat in the Kurara police station area when nine people, not including the boatman, were returning from a river island.
According to police, the boat lost balance in the middle of the river and capsized around 7 pm.
The boatman, Dheeru, managed to rescue three people -- Vishnu, Rinku and Parul.
The remaining six --five children and a woman-- Akanksha (9), Rani (9), Brijrani (25), Labhyansh (5), Mahesh (6), and Aditya (11) -- went missing, police said.
Later on Thursday, rescue teams recovered the bodies of Akanksha and Brijrani (25.
SHO, Brijesh Kumar said that due to heavy rain since the morning, teams are facing difficulties in rescue operation.
District Magistrate Abhishek Goyal said a search for the missing is being conducted by teams of the National Disaster Response Force and the State Disaster Response Force.
Taking cognisance of the incident, Chief Minister Adityanath has directed the district administration to investigate the cause of the accident and put in place effective measures to prevent such incidents in future.
He has directed senior police and administrative officials to immediately reach the spot and ensure relief and rescue operations on a war footing, an official statement said.
Adityanath has called for rescue efforts to be intensified to trace the missing persons at the earliest and warned that any negligence in the matter would not be tolerated, it added.
The chief minister also instructed senior district officials to personally monitor the rescue operations and ensure all possible assistance to the affected families.
BJP MLA from Hamirpur Manoj Prajapati said attempts are on to trace the missing. "We will ensure compensation to the affected families in accordance with the rules and submit a report to the chief minister on the incident," he said.
