Stating that the bank employees would resist the recommendations, association general secretary Samir Ghosh, in a press release here, urged the government to immediately start an exercise to reach a national consensus for such a vital sector. The three-tier banking system suggested by the committee would sound the death knell of a large number of banks with ``enormous implications for lakhs of staff and clientele.''

The committee, he charged, had ``carefully avoided'' to suggest how to recover the huge non-performing assets which, he said, was the real reason for weakness of these banks.

These banks were not intrinsically weak but ``had been made weak by the nexus of top businessmen, bureaucrats and government-nominated higher-ups of the banks,'' healleged.

Besides, Ghosh said, the suggestion for segregating the regulatory and supervisory function of the apex bank was ill considered and was likely to be a prelude to ``tear off'' the sensitive areas of central banking functions from the RBI ambit. Meanwhile, the United Forum of Bank Unions (UFBU), representing about 13 lakh employees, would meet in Delhi on April 27 and 28 to chalk out a plan of action in the wake of the Narasimham Committee report on banking reforms.