Bank strike on Sept 25

Members of the All-Kerala Bank Employees Federation will take part in the September 25 all-India bank strike, the federation has said.

The strike, called by the All-India Bank Employees Association, is to oppose the move for amalgamation of State Bank’s associated banks and the RBI’s plan to give banking licences to non-banking finance companies and corporate houses. The association also seeks autonomy for the associated banks of the State Bank of India.

The Kerala federation in a statement urged the people and the government in Kerala to resist the attempt to merge State Bank of Travancore in the SBI. It pointed out that over the past six decades the SBT had made a big contribution to the Kerala’s development. The SBT had the largest network of branches, made the largest number of loans and had the highest amount of deposits among all other banks.

Source: thehindubusinessline