During its general council meeting at Thapar University on Sunday 7th July, the All India State Bank of Patiala Employees Federation (AISBPEF) opposed merger of associate banks with SBI and demanded delinking of associates from State Bank of India.
S K Gautam, general secretary AISBPEF, said that the federation demanded delinking of associate banks from SBI on basis of performance of associate banks being better than SBI. "SBI management policies are restricting growth of associate banks. By giving license to new generation private banks, govt policies are moving in the direction of US pattern of banking where 30-40 banks are liquidated every year" he said.
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S K Gautam, general secretary AISBPEF, said that the federation demanded delinking of associate banks from SBI on basis of performance of associate banks being better than SBI. "SBI management policies are restricting growth of associate banks. By giving license to new generation private banks, govt policies are moving in the direction of US pattern of banking where 30-40 banks are liquidated every year" he said.
Click HERE for the complete article.
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