Strong protests over attempt to remove state bank GMs
View(s):Bank unions are vehemently protesting against an alleged attempt by the government to remove the General Managers of two state-owned banks, the Bank of Ceylon and the People’s Bank without following the proper procedure.
K. B. Senarath Bandara, General Manager and CEO of the Bank of Ceylon and G.B.P. Rasitha Gunawardana, CEO/General Manager at the People’s Bank are to be removed on a cabinet decision, General Secretary of the Ceylon Bank Employees’ Union, Ranjan Senanayake told the Business Times.
The trade unions of the two banks have decided to launch a protest demonstration tomorrow, he said, adding that a special meeting was held on Friday to create awareness on the government’s move.
This was the first time that two senior bank officials are to be removed by the government violating bank traditions and legal norms, he added.
Letters of protests against this decision were sent to the President and the Prime Minister on Friday morning, Mr. Senanayake said. Senior officials of the two banks were unavailable for comments on the purported moves by the government.