Bank Unions To Stage Dharna Before Parliament On Dec 10

Economy

Various bank unions plan to stage dharna on December 10 in front of the Parliament to protest against the government's decision to merge 10 public sector banks

Written By Press Trust Of India | Mumbai | Updated On:
Bank

Various bank unions plan to stage dharna on December 10 in front of the Parliament to protest against the government's decision to merge 10 public sector banks.

READ | Anurag Thakur Hails Economic Steps, Likens Corporate Tax Cut, Bank Mergers To 1991 Reforms

In August, the government announced its plan to merge 10 public sector lenders into four to create fewer and stronger global-sized banks.

READ | PMC Bank Scam: RBI Mulling Bank's Merger As Depositors Demand Savings

'No benefit to any of the stakeholders'

"Government has been pursuing the policy of merger of public sector banks despite the adverse implications. Experience of mergers in the country and elsewhere has clearly shown that no benefit accrues to any of the stakeholders," bank union said in a statement.

READ | Strike Against PSB Merger Paralyses Banking Services In Patna, B'luru

"The unions will stage dharna on December 10 in front of the Parliament," it said.

READ | Maha Govt Will Explore Option Of PMC Bank Merger: CM Devendra Fadnavis

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