(a) whether Government are considering to accept the demands of the bank employees concerning
job security in view of the disinvestment in the banking sector;
(b) jf so, the details thereof;
(c) whether any guidelines have been framed to safeguard their interest; and
(d) if so, the stand of the Government in this regard?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI GIN GEE N. RAMACHANDRAN)
(a)to(d) : No proposal of disinvestment in the banking sector is under consideration of the
Government. However, a bill to amend the Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970/1980 with a view to modifying the stipulation of minimum prescribed
Government shareholding in nationalised banks from 51% to 33% has been introduced in Lok Sabha.
Even after reduction of Government equity in nationalised banks below 51 %, the interest of
employees will be fully safeguarded as the public sector character of the banks is not being
diluted and they would continue to be governed by the provisions of the above Act..