CPI(M) extends support to bank employees’ strike on September 11
This struggle is not merely for the rights of bank employees, but also against the Union government’s policies aimed at handing over the banking system to private players, says Srinivasa Rao
On Friday, the CPI(M) Andhra Pradesh unit pledged its backing to the ongoing nationwide strike by bank employees. The call for action was made due to the employees' demands that the BJP-led Union government swiftly address their concerns. In a statement released on Thursday, CPI(M) State secretary V. Srinivasa Rao called upon the public to show solidarity with the striking bank employees.
According to Rao, the strike's primary objective was to safeguard the public sector banking system and to oppose what he termed as corporate exploitation. He emphasized that this fight extended beyond the rights of the bank employees, as it was also a resistance against the Union government's policies seeking to transfer the banking system to private entities.
Rao alleged that public sector banks were being undermined under the guise of mergers and the write-off of substantial loan amounts taken by corporations. He urged the Union government to revoke these policies and take measures to shield the public sector banking system.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
