Com. P. Abhimanyu, GS, discussed this issue with shri Yashwant Narain Singh, GM(T&BFCI) today. During the discussion the GM informed the General Secretary that new MoUs with Bank of Maharashtra, Syndicate Bank, HDFC Bank and J&K Bank would be signed within a month for bank loans for employees. Process is going on for the renewal of MoU with Canara Bank also. MoU with Union Bank of India would not be renewed since that bank wants to include a tough clause in the MoU, that BSNL should settle the terminal benefits of the employees, only after getting the clearance of the bank. The GS told the GM that since the Reserve Bank has reduced the interest rate, BSNL employees should also get bank loans at reduced interest rates. The GM assured to take steps for this.