ICICI to negotiate with Sangli Bank employee union

Mumbai, Jan 19 | Updated: Jan 20 2007, 06:04am hrs
Private sector ICICI Bank plans to have a detailed discussion with the Sangli Bank Employees Union to carry out the negotiations related to the merger of Sangli Bank with itself.

The employees of Sangli Bank supported the merger with ICICI Bank in the shareholders meeting by voting for the merger. ICICI Bank management is hopeful to resolve this issue amicably very soon and is informally in touch with the union leaders. Shareholders of Sangli Bank have approved the amalgamation of Sangli Bank with ICICI bank at its EGM held this week.

ICICI Bank management has been informally speaking to Sangli Bank Officers Association and the association has deferred all its further agitation. The employees union also called 15-16 strikes. All India Bank Officers Association to which Sangli Bank Officers Association is affiliated has permitted them to discuss with the ICICI Bank management to ensure smooth transition of employees.