No benefits from consolidation of state-owned banks: Bank unions

They say no benefits were seen from previous rounds

Fearing further shrinking of space for public sector financial institutions, bank unions of staff and officers will launch an agitation against the consolidation and privatisation of state-owned banks.

The government must rethink on further consolidation before seeing the impact of previous rounds, Union leaders said.

Ahead of the 53rd anniversary of bank nationalisation, United Forum of Bank Unions (UFBU) will hit the streets from July 17 to protest against privatisation and consolidation of public sector banks (PSBs).

Banks employees and officers’ organisations will take to Twitter on July 17, a day before Parliament’s monsoon session commences.

They are opposing the