Bank unions oppose licenses to corporate houses; write to CEC  

March 24, 2014

India\'s largest banking union, AIBEA, has lodged an official protest with the EC about the RBI’s hurry to grant new banking licenses when the country is moving towards general elections to elect a new Parliament. The union says, you cannot overlook political views while granting new licenses

Moneylife Digital Team

All India Bank Employees Association (AIBEA) has asked the Election Commission (EC) not to give any permission to the Reserve Bank of India (RBI) to go ahead with the issue of new banking licenses, especially to corporate houses.

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