The United Forum of Bank Unions (UFBU) has opposed the government’s decision to open up some of the top posts in public sector banks including State Bank of India as well as the Life Insurance Corporation to private sector candidates.

“From the United Forum of Bank Unions (UFBU), representing nine trade unions of officers and workmen across all our banks, we wish to convey our unequivocal and strongest protest against the recent executive orders issued by the Appointments Committee of the Cabinet,” it said in a statement. Advertisement

These orders, issued without any amendment to the enabling statutes—namely the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980, and the Life Insurance Corporation Act, 1956—constitute a s

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