MoU signed between BSNL and the Union bank of India
The MoUs signed by BSNL, with the Union Bank of India and Canara bank, for the purpose of availing various loans by BSNL employees, expired long back. Since then, BSNLEU has been taking continuous efforts to get the MoUs renewed. However, both the Union Bank of India and the Canara bank were not interested in signing the MoU with BSNL. This might be due to the fact that, in the past, the EMI amount deducted from the salaries of the employees, was not promptly remitted to the banks, by the BSNL Management. Hence, both the Union Bank of India and the Canara bank were reluctant to sign any MoU with BSNL. Under these circumstances, BSNLEU wrote to the CMD BSNL soliciting his personal intervention, for taking up the issue with the top Management of the Union Bank of India and the Canara bank. Accordingly the CMD BSNL has made the intervention. Consequent to this, the MoU between BSNL and the Union Bank of India, has been renewed today the 29-12-2022. The validity of this MoU will be for one year.
Source : BSNLEU