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Money & Banking - Trade & Labour Unions


No dispute over resistance to PSB mergers: Union

Our Bureau

Hyderabad , Nov. 21

THE Andhra Pradesh unit of Bank Employees Federation of India (BEFI) has objected to the statement of the Union Finance Minister, Mr P. Chidambaram, that there were differences on the issue of merger of public sector banks (PSBs) among the national level unions of bank employees and the union of employees operating at bank level.

In a press release here on Monday, the BEFI Andhra Pradesh unit General Secretary, Mr B. Sudhakar, said such a statement is based on untruth and might confuse the public mind.

"BEFI makes it clear that it is strongly opposed to the merger between PSBs and it believes that all the bank employees' unions, whether operating at the national level or in the different banks, are opposed to such merger," he said.

In fact, the United Forum of Bank Unions, besides other programmes, had resorted to a countrywide strike against the Governments' merger move earlier. The BEFI General Secretary said the bank employees' unions would not hesitate to go on strike again, if necessary.

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