1. Demonetisation: Andhra CM N Chandrababu Naidu pulls up bankers in the state

Demonetisation: Andhra CM N Chandrababu Naidu pulls up bankers in the state

Andhra Pradesh Chief Minister N Chandrababu Naidu today pulled up the bankers in the state for failing to effectively address the situation in wake of demonetisation, even as they resented the "unwanted interference" of the state government in their functioning.

By: | Amaravati | Updated: November 28, 2016 9:54 PM
(PTI) A government press release said the Chief Minister lashed out at the bankers during a review meeting at the Police Command Control Centre here this afternoon over the continued hardship being faced by people even three weeks after scrapping of Rs 500 and Rs 1000 currency notes (PTI)

Andhra Pradesh Chief Minister N Chandrababu Naidu today pulled up the bankers in the state for failing to effectively address the situation in wake of demonetisation, even as they resented the “unwanted interference” of the state government in their functioning.

A government press release said the Chief Minister lashed out at the bankers during a review meeting at the Police Command Control Centre here this afternoon over the continued hardship being faced by people even three weeks after scrapping of Rs 500 and Rs 1000 currency notes.

“We are forced to remain helpless because of your non-cooperation despite reviewing the situation daily in the morning and evening,” Chandrababu rued and warned the bankers that any “lackadaisical attitude” would not be tolerated.

However, what provoked the Chief Minister for such an outburst was the banks’ refusal to work on last Saturday and Sunday for issuing RuPay cards and activating more Jan Dhan accounts.

Krishna district Collector Babu A was said to have issued an oral order asking banks in the district to operate on Saturday and Sunday but the bankers refused to oblige, saying they had no such orders from their higher authorities.

Being the fourth Saturday of the month, banks remained shut not only in Krishna district but also across the state.

A peeved Babu reportedly complained about this to the Chief Minister and the latter vent his ire at the bankers during the review meeting today.

Incidentally, top officials of the banks stopped attending the review meetings being held twice daily by the Chief Minister and also the marathon tele and video conferences he has been conducting for over 15 days now.

Bankers are miffed with the Chief Minister for “overstepping his jurisdiction” and issuing orders in contravention of the guidelines being issued by RBI and their own banks.

“We cannot obviously follow his orders as we are answerable only to our management and the RBI. But he doesn’t understand that and asks us to do what he says,” an assistant general manager of a top public sector bank pointed out.

After two meetings, the AGM stopped attending the reviews by Chandrababu.

In fact, almost all banks are now sending only their “representatives” for the review meetings “only to mark our presence”.

So much so that the Chief Minister’s Office too stopped naming the bankers attending the reviews.

Interestingly, at an emergency meeting of the State Level Bankers Committee last week, the Chief Minister referred to reports that the ‘bankers were not pleased with CM for invading their turf’ and said “I am not bothered about such criticism. I am only helping as a matter of fact and the only issue is to resolve people’s problems”.

Against this backdrop, the Chief Minister today warned bankers to “not play with people’s lives” and bring disrepute to the government.

 

  1. V
    Verge
    Nov 29, 2016 at 12:03 am
    Naidu should write to modi and jaitley. He cannot give a different set of orders. Banks will only follow the guidelines from their own head offices.
    Reply
  2. D
    Dinesh
    Nov 30, 2016 at 4:11 am
    Mr.Naidu your own government officials refuse to work on Saay & Sunday when they have been given instructions to ist unorganized sector labors to open accounts with banks. We, as a banker, have opened our doors and in fact our employees have visited several places to help them open accounts. Be in touch with ground reality Sir before making any comments.
    Reply
  3. N
    Nadia's rao
    Nov 29, 2016 at 6:13 pm
    It's utter failure if government and RBI in handling the situation. The bankers are in their job. CM cannot give statement about bankers. It is the only less paid department for the work done. All the govt schemes done through banks and in reverse blaming bank again. It's a financial insutions with social cause. The bankers know the job no body need not teach them what to do. If Any one to be blamed it is govt RBI for not taking adequate measures to meet the crisis.
    Reply
  4. O
    Od sharma
    Nov 29, 2016 at 7:33 am
    First ask this Chief minister to work on a desk for One day only.He will understand the pain.This time banks employees are doing very very Hard work. such politician just make head lines.Only ordering is not the feature of good leader, just go sit with bank people.Simply supporting Mr Modi and win the Favor and Blue e is nothing but Flattery.
    Reply

Go to Top