Signing of MoUs between BSNL and Canara Bank and Union Bank of India delayed.

BSNLEU is continuously taking efforts to ensure that the MoU between BSNL and the Canara Bank and the Union Bank of India are renewed at the earliest. The General Secretary was assured by the Banking Branch of the Corporate Office last week that the MoU with both the banks would be renewed within a week. However, this did not happen. Hence, Com.P.Abhimanyu,GS, once again met the concerned officers in the Corporate Office today and discussed this issue seriously. The officers replied that the Managements of Canara Bank and Union Bank of India are demanding higher rates of interests. They also told that a new condition is being imposed that, in respect of employees who have taken loan, the terminal benefits should be paid only after getting clearance from the banks. This is not acceptable to us and the Management. The General Secretary is assured that expeditious efforts would be taken to renew the MoUs.