SBT employees stage protest
Employees of the State Bank of Travancore (SBT) staged a demonstration in front of the venue of the bank’s 56th annual General body meeting here on Monday.
The demonstration held under the aegis of the State Bank of Travancore Employees Union was in protest against the proposed merger of the State Bank of India (SBI)’s associate banks, including the SBT, with the parent bank.
Several employees and leaders of the All India Bank Employees Association (AIBEA) wore black ribbons, waved black flags, and raised slogans as officials of the SBI, including Chairman Arundhati Bhattacharya, made their way to the venue at the AKG memorial hall. The activists also distributed leaflets to those who came to participate in the general body meeting.
Inaugurating the protest, Communist Party of India (CPI) State assistant secretary Sathyan Mokeri alleged that the proposed merger was intended to destroy the associate banks in the public sector and, thereby, facilitate the business interests of commercial banks. Such a move would affect a large number of people who depended on such banking institutions.
State Sector Bank Employees’ Association general secretary K.S. Krishna, All Kerala Bank Employees Federation president K. Muraleedharan Pillai, and CPI district secretary G.R. Anil were among those who spoke.