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Business EconomyPosted at: Nov 24 2020 6:02PM


Banking sector play an important role in strengthening economy : Dattatreya

Hyderabad, Nov 24 (UNI) Himachal Pradesh Governor Bandaru Dattareya on Tuesday said Banking sector plays an important role in strengthening the economy.
Speaking at the Governing Council meeting of All India Bank Pensioners & Retirees Confederation (AIBPRC) via Zoom Video conference from Raj Bhavan in Shimla, Mr Dattatreya said that banking system was passing through a new phase today and it has changed from traditional banking to digital banking.
In this way, technology was helping India to switch to a cashless economy, a Raj Bhavan Communique from Shimla here said.
The Governor said that Bank personnel have played an important role in improving the financial condition of the country during their service period.
He said that there were about 7 lakh pensioners in the banking industry all over India including 4.75 lakhs pensioners of Nationalised banks and about 2.25 lakh pensioners from SBI.
Mr Dattatreya said that AIBPRC and SBI Pensioners Association (SBIPA) have been struggling for three decades to solve their long-pending issues including Pension Update, Family Pension Improvement, 100 % DA neutralization to Pre-November 2002 Retirees and also Medical Insurance Scheme for Retirees.
The Governor said Prime Minister Narendra Modi has launched Atmanirbhar Bharat Abhiyaan with a vision of new India.
He said that a special economic and comprehensive package of Rs 20 lakh crore was allocated to fight COVID-19 pandemic in India.
The Governor added that the aim has been to make the country and its citizens independent and self-reliant in all senses.
There were several other schemes like Pradhan Mantri Jan Dhan Yojana, From Jan Dhan to Jan Suraksha, Pradhan Mantri Jeevan Jyoti Bima Yojana, Atal Pension Yojana, Pradhan Mantri Mudra Yojana, Stand Up India Scheme and Pradhan Mantri Vaya Vandana Yojana which were being implemented through banks.
He said that in making these schemes effective, our bank workers were working day and night so that their benefits could reach the common man.
Mr Dattatreya said that the central government has resolved employees' matters at all levels and hoped that their long-pending demands would also be resolved soon.
Earlier, AIBPARC President K V Acharya detailed out various demands of the Association.
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