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Bank employees stage protest in Palakkad

Staff Reporter
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A demonstration by the State Bank Staff Union in front of the bank’s regional office in Palakkad on Wednesday against the move to “hand over” SBI services to Reliance.
A demonstration by the State Bank Staff Union in front of the bank’s regional office in Palakkad on Wednesday against the move to “hand over” SBI services to Reliance.

Bank employees organised protests in front of the regional office of the State Bank of India (SBI) to protest against the bank authorities signing an agreement with Reliance Money Infrastructure Limited to outsource its services to the private company.

In a statement here on Wednesday, State Banks’ Staff Union deputy general secretary G.P. Ramachandran said with the signing of the agreement between the SBI and Reliance, 90 per cent work of the bank will go to Reliance.

The Chairperson of the bank had already announced that there would not be any recruitment for next three years. This is a move to hand over the SBI, the biggest bank in the country and the backbone of the country’s economy, he alleged.

The Bank Employees Federation of India (BEFI) also organised a meeting in front of the regional office of the SBI to protest against the decision to hand over the services of the bank to Reliance. The meeting was inaugurated by BEFI state joint secretary Saji Varghese. It was presided over by district president T.R. Sivaprasad.

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