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Saturday, August 31, 2019

Association fears closure of branches, less job opportunities

Association fears closure of branches, less job opportunities

The All India Bank Employees’ Association has urged the Centre to review its proposal to merge 10 public sector unit banks into four big banks.
“The need of the hour is to come out of the economic crisis, rather than experimenting with anything,” said C.H. Venkatachalam, general secretary, AIBEA.
According to him, the proposed merger would result in closure of large number of branches as it happened in the case of State Bank of India, affect banking services and reduce employment opportunities. AIBEA said it opposed the proposed merger as it would help only corporates and go against the requirements of the common people.

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