Srinagar, Nov 28: All India Jammu and Kashmir Bank Officers Federation today announced protests to press for revocation of State Administrative Council (SAC) order to convert J&K Bank into a public sector undertaking (PSU).
Addressing a press conference here, president of the Federation, Tassaduq Madni, said the decision of SAC is devastative and destructive for the Bank. He said that a peaceful protest will be held tomorrow at the corporate office of the Bank.
Madni said that they would be forced to continue protests if the order is not revoked. “We will chalk out the further course of action as we are waiting for the final notification of the Government about its decision,” he said.
Madni also warned the Government against what he said interfering in the bank affairs, saying the employees will not hesitate in “sacrificing” all personal resources to ensure that State Government no more remains the majority stake-holder in the bank.
“We appeal to the Government to not politicize the bank and keep the bank affairs out of politics. We want to work in the bank by our own and would continue to contribute in the economy of the state. We call upon the Governor of the state to rollback the decision immediately as it will result into destruction and devastation of the bank and finally to the economy of the state,” he said.
He suggested Government to handover other loss making PSUs to J&K Bank so these institutions would also be converted into profitable ventures for the state.