What We Oppose:
• Privatisation of Public Sector Banks
• Dilution of Govt. Equity Capital in PSBs
• Consolidation of Public Sector Banks
• Merger of Associate Banks with SBI
• Closure of Bank Branches in the name of Merger
• Deletion of Sec.12 (2) of B.R. Act providing for removal of 10% ceiling of voting rights of investors.
• Unbridled encouragement to private sector / foreign banks.
• Efforts to give license to Corporate Industrial houses to start Banks
• Disproportionate flow of bank credit to the big business.
• Not achieving targets to priority sector advances, especially agriculture sector.
• Inaction on increasing bad loans in banks.
• Non-transparency of details of bad loans.
• Financial exclusion
• Reduction of interest rates on deposits.
• Privatisation / commercialization of Regional Rural Banks.
• Ignoring the ill-health of Co-operative Banks.
• Closure of Pigmy / Small Deposit Scheme in Banks.
• Income Tax on profits of Co-operative Banks
• Micro-financing & rural credit should not be privatised
