New licensing norms. Bank unions call for nationwide protest on March 18, 2013.
The United Forum of Bank Unions (UFBU), a representative body of nine bank unions, has called for countrywide demonstrations by bank staff on March 18 in this regard, C.H. Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA), said.
According to the RBI’s latest guidelines, any private sector company, including non-banking finance company, can open a bank.