The UFBU, an umbrella organization of nine unions, registered its condemnation of the revised Appointments Committee of the Cabinet (ACC) guidelines (Photo: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

United Forum of Bank Unions or the UFBU has launched a strong protest against the government's decision to open top management positions in Public Sector Banks (PSBs) and the State Bank of India (SBI) to private-sector candidates, terming the move an "executive privatisation" that violates the statutory character and legislative intent of nationalised institutions.

The UFBU, an umbrella organization of nine unions, registered its condemnation of the revised Appointments Committee of the Cabinet (ACC) guidelines, which now allow for lateral en

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