- OUR STRUGGLE AGAINST CLOSURE OF ASSOCIATE BANKS AND MERGER WITH SBI
- OUR DEMAND FOR DE-LINKING ASSOCIATE BANKS FROM SBI
Units are aware of the standpoint of AIBEA on the issue of merger of Banks. We have also informed our units about the proposals of the SBI, at the behest of the Government, to close down the 5 Associate Banks viz. SBH, SBT, SBM, SBP and SBBJ, and merge them with SBI. In our 27th Conference held at Kochi, we have taken the resolution that we should fight against such attempts and demand de-linking the Associate Banks from SBI. Reports are appearing in the media about the move of the SBI to proceed with their agenda. There is no clarity as to how this would benefit the SBI. On the other hand, it is reported that the move would cost SBI about Rs. 2500 crores. But it is certain that the decision would end the glorious journey and impressive contributions of the Associate Banks for the past more than five decades.