Employees of the State Bank of India (SBI) observed a strike and staged demonstrations outside the SBI main office at Lal Darwaja in Ahmedabad on Monday, to protest against the merger of State Bank of Saurashtra (SBS) with the SBI. All transactions were paralysed for a day due to it.
The strike was part of a nationwide bandh call given by the All India State Bank Officers Federation.
“The banking transactions have been severely affected. Transactions worth nearly Rs 2000 crore have been stalled,” said H C Patnaik, chief general manager, SBI, Gujarat.
The SBS, which has 390 branches in Gujarat, has been merged with SBI to widen the reach of the parent company in the rural areas. Post merger, the total number of SBI branches in Gujarat has touched 1,000.
While SBS employees fear delay in promotion and other benefits following the merger, the main concern of SBI employees is the sharing of provident fund.
Meanwhile, another union, the Bank Employees Association, has given a bandh call for August 20.
SBS is one of the seven associate banks of SBI. While SBI has some percentage of shares in other banks including State Bank of Bikaner & Jaipur, State Bank of Travancore, State Bank of Hyderabad, State Bank of Indore, State Bank of Mysore and State Bank of Patiala, it holds 100 per cent shares in SBS.
Courtesy : www.indianexpress.com
The strike was part of a nationwide bandh call given by the All India State Bank Officers Federation.
“The banking transactions have been severely affected. Transactions worth nearly Rs 2000 crore have been stalled,” said H C Patnaik, chief general manager, SBI, Gujarat.
The SBS, which has 390 branches in Gujarat, has been merged with SBI to widen the reach of the parent company in the rural areas. Post merger, the total number of SBI branches in Gujarat has touched 1,000.
While SBS employees fear delay in promotion and other benefits following the merger, the main concern of SBI employees is the sharing of provident fund.
Meanwhile, another union, the Bank Employees Association, has given a bandh call for August 20.
SBS is one of the seven associate banks of SBI. While SBI has some percentage of shares in other banks including State Bank of Bikaner & Jaipur, State Bank of Travancore, State Bank of Hyderabad, State Bank of Indore, State Bank of Mysore and State Bank of Patiala, it holds 100 per cent shares in SBS.
Courtesy : www.indianexpress.com