Reserve Bank of India
THE Reserve Bank of India (RBI), obviously under finance ministry’s direction, is attempting to cut 1500 permanent jobs by closing its Public Counters for retail distribution of coins and exchange of currency notes. In protest, the employees and officers of RBI served notice of strike on 1/2 January. However, on management’s assurance, during conciliation meeting on 31 December before the RLC (Central) at Mumbai, of withholding their decision and holding bilateral discussion with the unions; the unions also deferred the strike. BEFI congratulated the RBI employees and officers for their unity and united resistance.
On this, CITU general secretary Tapan Sen wrote to the Governor of RBI on 26 December expressed concern about RBI’s decision and pointing out that currency distribution was sovereign and primary function of RBI and part of its Citizens’ Charter. With expansion of economic activities, currency distribution network of RBI should further be expanded. The proposed closure of the bank would cause serious inconvenience for the people and make number of staff redundant.
In his reply dated 1 January, RBI Governor D. Subbarao informed Tapan Sen, about RBI’s intention of catering this service through other commercial banks and about gainful redeployment of the concerned staff confirming the job redundancy that it would cause.
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