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Bankers Associations To Meet In Delhi On Sept 5

Opposing the merger of banks, officer’s associations of various banks will meet in the New Delhi on September 5 to chalk out the future course of action, a top official of All India Andhra Bank Officers Association said here on Tuesday.

 

Finance Minister Nirmala Sitharaman last week announced the merger of Oriental Bank of Commerce and United Bank with Punjab National Bank, Syndicate Bank with Canara Bank, while Andhra Bank and Corporation Bank will merge with Union Bank of India.

 

Besides, Indian Bank will be merged with Allahabad Bank, making it the seventh largest state-owned bank. Andhra Bank is the second city-based bank which will lose its geographical identity.

 

“We are opposing the merger of banks. We will organise various protest programs against the merger. On September 5, the Executive Committee of the All India Bank Officers Confederation (AIBOA) will meet in Delhi.

 

All the general secretaries of all banks’ officers associations will meet there and finalise the action program to oppose the merger,” Satyanarayana told PTI.

 

Following the officers’ bodies meeting, the United Forum of Bank Unions (UFBU), the umbrella body of nine banking sector trade unions, will meet on September 11 to announce their plan of action against the merger, he said.