Strike to protest the merger of State Bank of Indore with SBI
ERODE: Banking operations got paralysed after employees affiliated to All India Bank Employees’ Association and All India Bank Officers’ Association boycotted work on Wednesday.
According to M. Joe Sukumar, district president, AIBEA, 650 employees, working in 200 branches of 17 banks in the district, barring those from State Bank of India, Indian Overseas Bank and private banks, participated in the one-day strike.
Branches in Erode wore a deserted look as employees as well as customers kept off the premises. Mr. Sukumar said almost no transaction took place in most nationalised banks as officers, though present, morally supported the boycott.
The boycott, given nation-wide, was against the merger of State Bank of Indore with the State Bank of India. The bank employees’ leader said Wednesday’s boycott was only the first in the series of steps the employees proposed to take against mergers and acquisitions.
Stating that the employees were against mergers and acquisitions of public sector banks, he said they would also oppose the move to merge other State Bank affiliates like State Bank of Mysore, State Bank of Travancore and others. The employees’ brought down the number of instruments (cheques and demand drafts) transacted from about 13,000 a day to nearly 3,000.