Bank officials oppose merger, to strike on Jan 25

Agencies
Posted: 2008-01-12 11:32:25+05:30 IST
Updated: Jan 12, 2008 at 1147 hrs IST

Font Size

Feedback

Discuss

Axis Bank Q3 net up 63 pct at Rs 500.86 cr ICICI CEO-designate Kochhar to get Rs 36-lakh hike ICICI Bank bags award for rural marketing ICICI seeks shareholders' nod for management chang...

Indore, January 11:: Opposing proposed merger of associate banks with the parent State Bank of India (SBI), the officials and employess of the associates under the banner of United Forum of Bank Unions' will go on a day long strike on January 25.

All India State Bank of Indore Officers' coordination committee, president, Alok Khare told PTI that to oppose the merger of associate banks with the SBI they will go on a day long strike on January 25 and then again for two days on Feburary25 and 26.

Khare confirmed that the SBI has intensified its efforts for securing necessary permissions from the centre for going ahead with the merger plan.

"We oppose the merger as it is not in the interest of the economy and also against those sectors which are directly benefitting from the associate banks," he added.

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Bank officials oppose merger, to strike on Jan 25

Post Comments