Excelsior Correspondent
SRINAGAR, May 7: The Employees Joint Action (EJAC) has criticized the J&K Bank management for its alleged anti-employees policies.
In a meeting of the EJAC held here today under the chairmanship of trade unionist Abdul Qayoom Wani, the members discussed several issues pertaining to the employees. The session also discussed the policy of providing different loans by J&K Bank to the State employees.
While addressing the meeting Wani said that J&K Bank adapts dual standard in providing loans to the State and non-State subjects. He said that the bank is providing soft loans to the Corporate houses on easy interest rates, whereas, it is cumbersome for a State subject to seek different loans from the bank. The State employees are the assured clients of the bank but the bank charges more interest from them than its own employees and this disparity, in the interest, shall not be tolerated.
The speakers felt that the bank has caused social and personal problems to the Govt employees by asking the clients to have Govt employees as guarantors and this practice has seriously affected the social relations. By charging heavy interest rates, the bank is sucking the blood of the employees of the State. It is pertinent to mention here that the bank charges 6.5% interest from its own employees on different loans whereas the general employees are charged 14.5% interest on the same loans which is a sheer injustice with the State employees.
The session also observed that the employees do not get any benefit despite being assured clients of the bank. Moreover, the bank provides very poor services and shows very rude behavior while dealing with the general customers.
Wani urged the Board of Directors, Chief Executive (Chairman J&K Bank) and the State Finance Minister to remove this disparity in the interest rates between the bank employees and the State employees.
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