Hyderabad, Apr 14 : All India Bank Employees' Association (AIBEA) has demanded the Union
Government to Nationalise the ICICI Bank and Axis Bank as there are serious
charges of corruption and nepotism in sanction of loans.
In a statement here on Saturday, AIBEA General Secretary Ch
Venkatachalam said everyone is by now aware what is the reality about the so
called champions of Private Sector Efficiency in ICICI Bank and Axis Bank. Both
these Banks together have Deposits of the public to the tune of Rs 9 lakh crore. We need to safeguard this public money. They ( government ) talk about better governance in private Banks. ICICI Bank was projected as a role model. What happened to that now. There are serious charges of corruption and nepotism in sanction of loans.
Mr Venkatachalam said, 'There are repeated suppression of bad loans and under provisioning. All these unethical things are going on for a long time. Just changing the top Executives will not suffice', he added.
It is high time that Government should come forward to Nationalise ICICI Bank and Axis Bank, the top Union leader said. UNI
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