'Occupy Dalal Street' protest on Friday in Mumbai

Bank employees here will protest Friday on the Dalal Street - where the country's premier bourse, the Bombay Stock Exchange, is located - following New York's 'Occupy Wall Street' campaign, an official said on Tuesday.

"The policy represented by Dalal Street is identical to the policies followed at the Wall Street. We, the bank employees, are continuously waging war against liberalization of Indian economy and the privatization policy of the government of India in the banking sector," general secretary of the All India Bank Employees Association (AIBEA) Vishwas Utagi said.

AIBEA has called upon bank employees and Indian citizens to join the movement November 4 where they will protest the policies of government and the Reserve Bank of India on the street where the stock market is located in south Mumbai.

"Through 'Occupy Dalal Street Movement' we want to convey that we will not tolerate new licences to corporate houses for opening new private banks," Utagi said.

"We are also fighting against the growing wilful loan defaulters who are responsible for huge non-performing assets to the tune of three lakh crore rupees in the banking industry," he added.

"Government's economic policies are for super rich corporates and are against the interest of 'aam aadmi'," Utagi said.