Giving a strike call on May 23 against recommendations of the P J Nayak Committee on corporate governance in public sector banks, various bank employees’ associations said today they would oppose any attempt to privatise state-run banks. Last week, an RBI working committee headed by former Axis BankBSE -0.15 % chairman P J Nayak had suggested the government to cut its holding in public sector banks to below 50 per cent. “Five national organisations representing 10 lakh bank employees and officers will oppose the Nayak Committee recommendations which are aimed at destroying the character of public sector banking,” Maharashtra State Bank Employees’ Federation general secretary Vishwas Utagi said in a statement released here.

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