Nation-wide bankers stir protesting merger of banks

Nation-wide bankers stir protesting merger of banks

Bhubaneswar: Nearly 10 lakh bank officials across the country boycotted their work for the second time in a week protesting Central government’s decision to go ahead with merging Bank of Baroda, Dena Bank and Vijaya Bank.

Earlier, the state-run bank unions had observed strike on December 21 seeking immediate wage revision and cancellation of merger decision.

In Odisha at least 40,000 officials of nine different bank unions under the United Forum of Bank Unions (UFBU) protested the amalgamation and took to streets today.

The bankers have been protesting the Union government’s decision to merge the three banks for recovering bad loans and create a lender with considerable size and better sustainability.

They allege that the decision to merge the three banks is not in the interest of the public or the banks.

“Amalgamation of the banks will not help the government and the economy but rather it is an attempt to veer from the corporate loans, said Sambit Mishra, an official of Odisha unit of UFBU.

Meanwhile, the cease work by bank officials have hit the banking services across the State and country.

Earlier the Union government had successfully merged the SBI with its five other associate banks. The merger of Bank of Baroda, Dena Bank and Vijaya Bank is the first such merger in public sector.

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