The Indian banking sector`s largest union, the All India Bank Employees` Association (AIBEA), on Tuesday opposed the recommendations made by the Reserve Bank of India`s (RBI) Internal Working Group as they are “retrograde” and would endanger people`s money.
 
 
 
 
 

“We strongly denounce the provocative recommendations of the RBI Working Group and urge upon the Government to reject these proposals,” Venkatachalam said.