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AIBEA to go on strike against decision to close rural branches
The All India Bank Employees' Association AIBEA has threatened to go on a strike against the government's proposal to close down 'non-viable and loss-making' rural branches. The association said that closing down the rural branches meant defeating the purpose of social banking. In a letter to the ministry of finance, AIBEA general secretary CH Venkatachalam said, "We are aware that rural branches tend
The All India Bank Employees' Association AIBEA has threatened to go on a strike against the government's proposal to close down 'non-viable and loss-making' rural branches. The association said that closing down the rural branches meant defeating the purpose of social banking. In a letter to the ministry of finance, AIBEA general secretary CH Venkatachalam said, "We are aware that rural branches tend
Bank stocks rise on merger talk
The stocks of domestic banks on Friday saw a spike of between 0.72 per cent and 13 per cent on reports that top state-run banks were warming up to the consolidation idea.
The stocks of domestic banks on Friday saw a spike of between 0.72 per cent and 13 per cent on reports that top state-run banks were warming up to the consolidation idea.
Union threatens strike against State Bank of Indore-SBI merger
The All India Bank Employees’ Association (AIBEA) is planning to go on a one-day strike by November-end to protest the proposed merger of State Bank of Indore with State Bank of India (SBI).
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