Very correct and lucidly put. Whatever wrongs are attributed to bank employees are actually committed by the higher ups under the directions of the chief executives of the PSU banks. Likewise there is no doubt that n.p.as have occurred when loans have been dispersed under directions from the politicians to unviable projects to crony industrialists who hardly put any money of their own and raised resources from banks. More on this later. Regds
we emphatically like to submit that the Bank employees has been used by the Govt. as a front door bloke to tackle the agitated public who has suffered a lot due to unexpected wave of financial concerns.
In order to tackle the rush over the counter, the employees, in tune with the Ministers /govt. officials’ assurances in respect of deposit of banned currency notes in to the depositors account till 30.12.2016 had all along advised the customers to wait for a comparative congenial atmosphere and not to act in haste to deposit banned notes into their accounts.
Now, when the situation has been eased to some extent and the customers are coming to deposit Rs. 500/1000 Notes in their a/c, they are subjected to questioners’ by the same persons tackling the customers over the counter and this is really awesome, as the Bank employees are not like Govt. bureaucrats or politicians to change their stand every now and then to suit their convenience.
On the question of dishonesty on the part of the Bank employees, we, for last 10 years are requesting the Govt. of India to fix accountabilities of the Govt. nominated Chairman/EDs of various public sector Banks as they have no service conditions like other employees and we have enough reasons to believe that they have nexus with the sky high NPA’s as well as bad debts write-off in the Banking Industry causing enormous damage to our economy. We have no hesitation to say, that the plight of NPA and bad debt write-off are like high mountains in comparison to small mounds of black money which are supposed to be wiped out through demonetisation. Curiously the GOI is tight lipped on the matter and also are not submitting their affidavit to the judiciary as is required before the Hon’ble High court of Mumbai.
As the Bank employees are duty bound to carry on the instructions of the higher authorities, they are being used as a human wall against the dissatisfied mob and on 21.12.2016 they have been assaulted in many parts of the country. It is unfortunate that due to frequent changes in the policy matters, the employees over the counter are themselves bewildered to follow guidelines envisaged by the RBI/GOI. It will not be out of place to mention that the same thing has happened while receiving currency notes printed before 2005 from the customers.
We, through your good office like to request the GOI/RBI to arrive at a mind-set before issuing an instruction concerning demonetisation and also examine the impact and possible reaction of the Banking public to save the Bank employees from the wrath of the common public.