Latest news with #CHVenkatachalam
Time of India
09-07-2025
- Business
- Time of India
Workers stage protest at Pune collector's office to support nationwide strike
1 2 3 Pune: Around 3,000 govt employees staged a protest at the collector's office in Pune to list their demands and criticise some of the policies taken by the central and state govt. The protest was in line with the nationwide strike against some of the policies, including privatisation and the proposed Special Public Safety Act. "Employees from public sector banks, Life Insurance Corporation of India (LIC), anganwadis, Asha workers, and Bharat Sanchar Nigam Ltd (BSNL) participated in the strike," Vasant Pawar, general secretary of the Centre of Indian Trade Unions (CITU), said. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune Workers from industrial areas of Chakan, Bhosari and Ranjangaon participated in a protest march from Khandobacha Maal in Akurdi to Bhakti Shakti Chowk in Nigdi. The unions, among other demands, sought to include all categories of workers — contract, daily-wage and unorganised — under comprehensive labour laws with equal rights. They asked for bringing gig and platform workers under the ambit of the labour law framework and providing them with necessary benefits. The workers also criticised the privatisation of public sector enterprises that would reduce job security and push essential services into the private sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it better to shower in the morning or at night? Here's what a microbiologist says CNA Read More Undo BSNL workers sought the strengthening of the company and the rollout of 4G and 5G networks. "The public sector is at the core of our country's growth and development. It has now become the target for disinvestment. Even PSU banks and insurance companies are now being sought to be privatised. The stakeholders cannot afford to hand over these public savings to private entities," said CH Venkatachalam, general secretary of All India Banks' Employees Association (AIBEA). Separately, worker unions of Maharashtra State Electricity Distribution Company Ltd called for a statewide strike on Wednesday to protest against the privatisation of state utilities. The protest was held at the MSEDCL Rasta Peth office.
New Indian Express
30-06-2025
- Business
- New Indian Express
Karnataka Bank is free from any financial scam: AIBEA general secretary
MANGALURU: CH Venkatachalam, General Secretary, All India Bank Employees Association, maintained that the resignation of Managing Director and Executive Director of Karnataka Bank has nothing to do with the financial condition of the Bank. He added that the Bank is quite safe and absolutely free from any financial scam affecting the interest of the customers and Depositors. In a statement, Venkatachalam said that in the wake of resignation MD and ED of the Bank, information is being spread in a section of the media, creating unwarranted confusion and panic in the minds of the bank's customers and the general public about the Bank. 'These are deliberate attempts to denigrate the Bank with ulterior motives," he said. Stating that Karnataka Bank is a 100 year old Bank with headquarters in Mangaluru, he said over the years it has grown as a very efficient and customer-friendly Bank. 'Today it has a total business of more than Rs. 1,82,000 crores. Out of the total loans and advances of the Bank of Rs. 76,000 crores, the net non-performing loans are only Rs. 1000 crores. Capital Adequacy Ratio of the Bank is nearly 20% which indicates the soundness of the Bank. The Bank has been in profit all these years and as on March 2025, the net profit of the Bank was Rs. 1272 crores. The Bank has about 950 Branches all over the country with a well-trained staff strength of nearly 9000 employees and officers,' Venkatachalam said in a release. In all financial parameters, he further said the Bank has been doing well and there is no reason for any worry or panic about the financial stability of the Bank. 'The information being spread by a section of the media is malicious. We appeal to all the staff members of the Bank as well as to the Depositors and customers to ignore this false propaganda about the Bank's health,' the release added.
Time of India
28-06-2025
- Business
- Time of India
Policies of Centre not beneficial to people: AIBEA chief
Mangaluru: All India Bank Employees Association (AIBEA) general secretary CH Venkatachalam said the policies being pursued by the central govt are not beneficial to the country and its people. Speaking at the 26th All India Conference of the All India Karnataka Bank Employees' Association (AIKBEA) at the Sanghaniketan here on Saturday, he said: "Whether certain policies being pursued by, not only this govt, but successive govts, are beneficial to the majority of people? In many indexes like the Global Hunger Index, India is at the bottom. We claim that we are progressing and are the fastest developing economy, and speak of Amrit Kaal, but while many enjoy Amrit, others are deprived of it. " Stating that the Constitution's core values are equality, fraternity, and justice, Venkatachalam said various reports indicate India is home to a large number of poor people. He questioned the logic of a section of society enjoying everything while others are deprived of the same. On work-life balance, he criticised leaders who are in favour of 70 to 90 hours of work a week. Lauding Karnataka Bank as a people's bank, Venkatachalam said customer service is important. He noted that banking is crucial for development in any developing country. Recalling AIBEA's contributions to the banking sector, he mentioned the amendment to Section 45 of the Banking Regulation Act. Reserve Bank of India (RBI) may consider a moratorium on a bank if it is not doing well and merge that bank with another bank. Earlier, banking services were available only for privileged people, he said. "The exploitation of bank employees should be prevented. AIBEA, founded 80 years ago, will ensure that your job is secure. We have to have a strong union, and AIBEA is committed to that purpose. Your problems will be taken care of by the union, and you take care of the union," he added. Karnataka Bank managing director and CEO Srikrishnan H and others were present. AIKBEA president Poornima P Rao presided.
