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BANK EMPLOYEES MOVEMENT TO A GRINDING HALT?
The Edifice of Bank Employees Movement was demolished by bank employees themselves and was trampled upon by the Administration with the blessings of the Govt. of the day. The net result being the BANKING INDUSTRY, which is backbone of all other INDUSTRIES, is facing unprecedented financial position and is in a mess, even with surplus LIQUIDITY at the ease of norms, unable to find eligible BORROWERS, is parking the Surplus Fund with RBI.@ REVERSE REPO rates, resulting in not only erosion of income but also finding it difficult carry on the business of Banking, under the new regime where writing off, waiver and hair cut under the INSOLVENCY AND BANKRUPTCY CODE 2016 have become order of the day. The RBI, Banker of all other Banks and lender of last resort is busy engaged in helping NBFC and is more worried to safeguard interest of Mutual Funds by granting Rs 50000/- Crores to them to get rid of the volatility in the Stock Market Indices. The SBI, biggest State owned commercial Bank of the Country has taken on its shoulders the burden of revival of mismanaged private sector YES BANK at its own peril.
The Bank Employees Movement that emerged in 1940's even before Independence, was not an ordinary Trade Union fighting for wage increase alone. There have been instances where Bank Employees sacrificed their wages and struggled to save the BANKS from ruining. Despite the hard work of bank employees with unlimited working hours, sweating and toiling Banks went into Liquidation because of maladministration and default of loans under the Private Sector. There arose, from the Bank Employees Movement itself, the Demand for Nationalisation of Banks to save the Banks from the clutches of Private Sector and to use the public money for Agriculture, Small Scale Industries and other priority sectors, apart from servicing Core Industries..
During those days Bank Employees were matured enough with able leadership and unflinching loyalties towards their UNION, assisted by impressive battery of advocates and legal luminaries having left leanings. Bank Employees not only were able to achieve their demand for wage increase and better conditions of service but also ensured the health of the Banking Industry. Not a single all India Conference of the Bank Employees Union ended without passing a Resolution on the HEALTH OF THE BANKING INDUSTRY. Bank Employees were equally interested in the health of the Banking Industry along with their demand for better service conditions. Bank Employees never lagged behind in raising their voices for the common cause with public whether it be demand for increased finance to Agriculture, Small Scale Industry and other priority sector advances or serving the rural areas with lot of branches opened post nationalisation and established themselves as instrument of SOCIAL CHANGE. The GREEN REVOLUTION AND WHITE REVOLUTION are results of such change.
The victory of Bank Employees in their emancipation from slavery to workmen participation in the management of Banks by securing a berth in the BOARDS OF BANKS, even prompted a Cabinet Minister of Central Govt. to comment "the Bank Employees are high wage islanders in the sea of poverty" without realising the contributions of Bank Employees for the welfare of the rural masses by serving them in every nook and corner of the country despite hardship. Bank Employees Union were respected by fraternal Trade Union Organisations for the achievement of Bank Employees and every other Trade Union wanted to emulate Bank Employees Movement That is the history of 75 YEARS OF BANK EMPLOYEES MOVMENT.
AND WHERE ARE WE TODAY, from a glorious past to ever remember and cherish and having lost all hopes of finalising a reasonable settlement of the ongoing Bipartite Settlement, leave alone the ISSUES OF POOR RETIREES AND THEIR PATHETIC CONDITIONS. Unfortunately there is no All India Retirees Organisation WORTH THE NAME to pursue the issues of Retirees with proper Plan and Agenda. If the RETIREES still feel they can look for assistance or help from their parent Organisation, UFBU for resolving their long pending demands, they are surely living in fool's paradise. Only option available to them is to approach JUDICIARY, since they don't have any bargaining power. At least they have the satisfaction of having performed their due role and contribution for building not only their Trade Union Organisation but also having contributed for development of the BANKING INDUSTRY. When this being the setback to the Bank Employees in spite of their glorious past, what to say about still unorganised millions of migrant labours. Only in India we could observe EVOLUTION OF CIVILISATION traveling in Reverse direction, where number of Billionaires increase and at the same time number of people BELOW POVERTY LINE also increase in geometric proportion. We are not reconciled to INCLUSIVE GROWTH. That's why we could witness millions of Migrant Workers, having lost their Livelihood. traveling on foot back to their birth place at least to have a peaceful death. Taking advantage of their inability and ignorance the Governments both Central and State are enacting new laws to the detriment of Workers or suspending the Labour laws enacted for their welfare in 1940s. Attempts to snatch away the Centuries old hard won right of 8 hrs a day and to increase the working hours from 8 to 12 in a tropical Country like INDIA is nothing but INHUMAN and against the established Conventions in INTERNATIONAL FORUM. The contention of the Govt. is to woo the Investors for revival of Economy at the peril of working class who are the backbone of the Country.
HISTORY HAS SEEN RISE AND FALL OF EMPIRES. Bank Employees Movement is no EXCEPTION. The present day Bank Employees will have to rise to occasion learning from the history of Bank Employees Movement. They have the twin role of saving the Health of Banking Industry as well protecting the hard won rights secured to them by their predecessors. WILL THEY RISE TO THE OCCASION?
WITH GREETINGS,
GUNASEKARAN. R
(Ex-CANARA)
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On Wed, 13 May 2020 at 15:56, Kundan Raina<raina...@gmail.com> wrote:
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