Terming the 'big bang' announcement by Finance Minister Nirmala Sitharaman that 10 Public Sector Banks (PSBs) be merged into four Banks, All India Bank Employees' Association (AIBEA) said it is a 'wrong decision' at a 'wrong time' and ill-conceived and ill-timed.
The merger of 10 PSBs ( PNB, Canara Bank, Union Bank of India, Indian Bank, United Bank of India, Allahabad Bank, Syndicate Bank, Corporation Bank, Oriental Bank of Commerce and Andhra Bank) needs a review, AIBEA General Secretary Ch Venkatachalam told UNI.
He said 'the meaning is that 6 Banks will now get closed. Government may call it a merger but in reality it is 'cold-blooded' murder of 6 Banks. Because, after merger, these 6 Banks which have been built up over the years, will disappear from the banking scenario', Mr Venkatachalam said
The merger of 10 PSBs ( PNB, Canara Bank, Union Bank of India, Indian Bank, United Bank of India, Allahabad Bank, Syndicate Bank, Corporation Bank, Oriental Bank of Commerce and Andhra Bank) needs a review, AIBEA General Secretary Ch Venkatachalam told UNI.
He said 'the meaning is that 6 Banks will now get closed. Government may call it a merger but in reality it is 'cold-blooded' murder of 6 Banks. Because, after merger, these 6 Banks which have been built up over the years, will disappear from the banking scenario', Mr Venkatachalam said
2 comments:
Our worthy. Finance Minister sister nirmlasitharaman will not ask you. Mr c h venkatchalam rather she must through you people out as you retired have your self interests. See the salary structure of banking industry. Which is lowest. And it is. Only due to you. And. Like you people
True written. Hope. Our respected PM Mr Modi Ji and finance Minister sister Nirmlasitharaman will do Justice to bank employees as bank employees are financial army and dedicated employees of new india stood to every call of our PM either it is demonitisation or opening of Jan dhan even success of ujjwala
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