Opposition to merger of State Bank of Indore with SBI
TIRUCHI: Employees of various nationalised banks in the district struck work on Wednesday opposing the Central government’s proposed move to merge the public sector banks. The striking bank staff also opposed the move to merge State Bank of Indore with the State Bank of India.
Normal banking operations were hit as a result of the nation-wide strike called by the All India Bank Employees Association and All India Bank Officers Association.
The State Bank of India, Indian Overseas Bank, Lakshmi Vilas Bank and some new generation private sector banks did not participate in the nation-wide strike, banking sources here said.
A demonstration was organised by the bank staff in front of the Indian Bank zonal office in the city that lasted over an hour. The demonstration was led by the Tiruchi District Bank Employees Union president R.T. Ramamurthy. The union general secretary Ramaraj and other office bearers took part in the demonstration.
Bank employees owing allegiance to the All India Bank Employees’ Association and All India Bank Officers’ Association went on a day’s strike on Wednesday, protesting the proposed merger of public sector banks.
Over 300 members of 50 branches of different banks participated in the strike, general secretary of Pudukottai District Bank Employees’ Union K. N. Rajendran said.
He said that the proposal for the merger of the State Bank of Indore with the State Bank of India was a direct step indicative of the merger of the public sector banks across the country. The strike protested the merger and consolidation of nationalised banks, he added.