Bank staff flay Centre move

KOCHI: Introducing new banking models, which have been a failure globally, in the country will not do any help to the investors and bank customers, said Rajan Nagar, president of All-India Bank Employees Association. He was speaking at a three-day conference organised by the All-India Bank Employees Association (AIBE).The policies of the Central Government that encouraged new private banks and foreign banks, instead of strengthening the public sector banks which have always stood for the poor and common people, are anti-people. The Supreme Court has already criticised the working of the private foreign banks which have been a safe haven to keep black money. The move to outsource banking services would also disrupt investment,” he said. The conference also asked to solve the issues that led to all-India bank strike on August 5.