Visakhapatnam, May 21, 2007
Favors merger into a separate body without SBI interference
The members of Associate Banks Officers' Association (ABOA) during the executive meeting held on Monday have decide to oppose any move by the Central Government to merge the associate banks with the State Bank of India. The officers of the seven associate banks including State Bank of Hyderabad participated in the meeting.
ABOA general secretary AC Chandra Prakash speaking to pressmen said that any attempt for mering the associate banks with SBI will effect the economic activities of the respective states and also have adverse impact on service conditions of staff working in these banks. He said, however, the ABOA will support merger of associate banks into a separate body without SBI interference.
He urged to life the ban on recruitment of new staff and said the public sector banks, with limited staff are struggling to provide better services on par with private banks. He emphasized the need for greater autonomy for associate banks as they are performing well across the country.
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