by

S.SRINIVASAN,  PRESIDENT

NATIONAL UNION OF BANK EMPLOYEES (NUBE)

Comments by Rajesh Goyal :

We have recently received a series of articles under the above referred topic i.e. Merger Mania from Mr Srinivasan.  These are long articles and really require lot of patience to read.  Although, usually we do not publish such voluminous articles as readers rarely find time to read such amount of data.    Moreover, these articles were from a Union leader.   Breaking rules for a particular union is even more dangerous as  readers  are likely to be dubbed  us as a 'promoter of that union' and other union leaders can jump into fray.    We have always kept distance from all unions.   Inspite of these we have decided to publish these articles as these articles have been written with lot of research work, dedication, devotion  and appear to be much more logical than what we have found when union leaders write on such issues.    Some readers feel we are again unions as we are frank in exposing their ills.   Time and Again we have clarified that we are not against any Unions or their leaders but we always give our frank views when such unions do not raise the issues of importance of Aam Banker.    We are happy that now our readers understand these and give their continuous support.  We are ready to support any one who works / writes in the interest of the banking industry and its employees / officers.   

Moreover, the topic of merger is a really important matter and Government has been shifting its goal poles from time to time.   The intentions of Government do not appear to be above borad.  I would like to clarify here that I persoanally and allbankingsolutions.com may not agree with some of the  views expressed in these articles, but we respect the views of Mr Srinivasan.   Let our readers also read these articles and update their knowledge about the present status of banking and how politics is being used to skim PS Banks.   We would even like that other union leaders should read from these and form a join strategy so as to save the Indian banking industry from collapse.    Today (i.e. on 4th February, 2013), I just saw a TV news about scam in Loan Waiver scheme of Rs 72,000 crores.    If this comes to be true, the credibility of banking will go to all time low.

We will try to keep these articles in our archives as they contain lot of true facts and data which will be referred by research groups while writing about these times in future!

(A) Merger Mania - Part I : Overview of Bank Mergers - Government Moves

(B) Merger Mania - Part II :  HOLDING COMPANIES  CURTAIN RAISER TO CONSOLIDATION  PSU BANKS’S IDENTITY – MOST PRECIOUS ASSET – PRESERVE IT

(C) Merger Mania - Part III :  "FINANCIAL REFORMS" AND NPA’S &SCAMS ARE LIKE AN OBJECT AND ITS SHADOWS!