The Government should decline to accept the adverse recommendations of PJ Nayak Committee which was set up by the Reserve Bank of India, says the All India Bank Employees’ Association (AIBEA). AIBEA is the largest trade union body representing about half-a-million bank employees. In its pre-budget memorandum to the Union Finance Minister, it has also demanded that the Government holding in the public sector banks should not be reduced below 51 per cent, and that the governance board of PSBs should be enlarged, and strengthened throught the appointment of professional persons from various fields of interest........
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