[Resolved]  Andhra Bank — their policy

Address:

Andhra Bank , Kolkata, Kolkata, West Bengal, 700017

I am writing here on my basis of a layman’s knowledge. My husband works with this bank. I can’t mention his name. They have this new policy of buying shares. Employees have to buy share to show that the bank is in profit! That is ok but as i know, according to the rules, the employees need to take loan from other bank and not through their own bank, and employees can’t be forced about how much shares to buy. One must buy according to their convenience. The cmd chairman clearly informed the workers that no one can be forced for buying shares.
But as i see my husband is depressed as he has been given loans, and he informed me, there is no official or paperwork forcing, but they are mentally forcing people to buy shares worth atleast 3 lakhs.

One persons might have other commitments. This is mental torture to the employees. I see my husband in depression, so i am forced to put a complaint here.

A bank shouldn’t force its employees to buy shares to show that they are in profit.

This is to inform the govt of india.

There are many people who may feel mentally harassed for the same. I am just the voice of them.

This has nothing to do with my husband. I am writing it here myself because i see that this is badly affecting our life.