Thursday 2nd, April 2020
canara news

Association opposes merger of banks

Published On : 17 Feb 2017   |  Reported By : Courtesy : The Hindu   |  Pic On: Photo credit : The Hindu

Udupi (The Hindu): Members of the Udupi District Bank Employees Association staged a dharna in front of the Clock Tower here on Thursday opposing the merger of five subsidiary banks into the State Bank of India (SBI).

Addressing the protesters here, Admar Sripathi Acharya, convener of Joint Council of Trade Unions (JCTU) said that the association opposed the decision of the Union government to merge the State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad with State Bank of India.

The intention to merge these subsidiary banks which had their own identity and had served people was wrong. After the merger, the branches of many subsidiary branches in rural and semi-urban areas would be closed. This would affect the people in the rural and semi-urban areas. The staff in these banks too would be affected as they would be subject to reckless transfers.

After making the State Bank of India a big bank, the government’s intention was not to keep it under its control, but to privatize it, Mr. Acharya said.

Ram Mohan, President of the Association, Herald D’Souza, Secretary, and other office bearers, were present.

More News

Abp Machado Exhorts All To Imbibe In Ideals Of Blessed Chiara
Abp Machado Exhorts All To Imbibe In Ideals Of Blessed Chiara
Women’s Commission Of Archdiocese Celebrates International Women’s Day
Women’s Commission Of Archdiocese Celebrates International Women’s Day Launched Launched

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will be held responsible.