India: Bank staff protests mega bank merger move

By CPI | September 2, 2019

Members of the All India Bank Employees’ Association on Saturday staged a protest here against the Centre’s decision to merge 10 public sector banks into four entities.

Employees of all public and private sector banks wore black badges to work as a mark of protest to the government’s decision.

The Association’s General Secretary, C H Venkatachalam said the government’s move was “ill timed” and needs a review.

A rally opposing it was also planned by the Association, Venkatachalam told PTI.

He alleged the merger of public sector banks would mean closure of six banks.

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