AISBOPEF Circular No. 34/2013

SSBEA Opposes Merger of Associate Banks with SBI

Demand delinking of Associate Banks from SBI

 Members are aware that frequent statements are being made by Sh. Parteep Chowdhary, Chairman, State Bank of India, to merge Associate Banks with SBI. In this connection Central Committee of State Sector Bank Employees’ Association met on 1st June 2013 at Delhi and after threadbare discussions it was decided that any move of merger shall be fought with full strength as the merger of Public Sector Banks including Associate banks is detrimental to the interest of employees as well as public. This is being initiated by the Govt. as a part of its policy to shrink and privatize Public Sector banking and to encourage corporate, private and foreign banking in the name of banking reforms.

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