Canara Bank and the Union Bank of India refuse to renew MoUs with BSNL – BSNLEU demands that the Management should approach other nationalised banks for signing MoUs.

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The MoUs signed by BSNL with the Canara Bank and the Union Bank of India have expired long back. Both the Canara Bank and the Union Bank of India have not come forward to renew the MoUs. This is mainly because, in the past, the BSNL Management had deducted the EMI amounts from the salaries of the employees, but did not remit the same on time to the banks. Due to the non-availability of various loans, the employees are suffering. BSNLEU has discussed this issue many times with CMD BSNL. Yesterday, BSNLEU has written letter to the CMD BSNL, suggesting that, the BSNL Management should approach other nationalised banks for signing MoUs for the extension of various loans to the employees.

[Date : 21 - May - 2022]