Mumbai: All India Bank Employees’ Association (AIBEA), the oldest and largest bank union, has written to the bankers’ body—Indian Banks Association (IBA)— asking it to extend a special and exclusive loan to the grounded Jet Airways for the payment of salary dues of the staff against a proper collateral.
“We feel that the Banks should come forward to extend special and exclusive loan to the company for payment of the salary dues of the staff or some subsistence payments to them against proper collateral of lien on the accumulation in the staff Fund like PF and Gratuity. Alternatively, IBA can ask the Banks to device a special loan scheme to the staff of Jet Airways to tide over their present financial problems,” CH Venkatachalam, General Secretary, AIBEA said, in a letter to Indian Banks’ Association Chairman Sunil Mehta.
