Unions oppose govt move to open top bank positions to pvt sector, demand reversal of policy
New Delhi, Oct 10 (PTI) United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions, on Friday registered a strong protest against the government decision to open top positions in PSU banks to candidates from the private sector. Terming the move as an attack on the public character of national institutions and amounting to a de facto privatisation of the leadership of these institutions. The changes in guidelines issued without any amendment to the enabling statutes – namely the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 & 1980, and