The State Bank of India (SBI) Officers' Association has opposed the proposed merger of the State Bank of Saurashtra (SBS) with SBI.
The merger would not bring any benefits to SBI, as SBS is fully owned by SBI, feel the association members.
The Associate Banks' Officers' Association (ABOA), All India Banks Officers Association (AIBOA) and All India Bank Employees Association (AIEBA) had observed strikes in October and December last year to protest the merger.
According to the association members, the branch network of SBI and associate banks are already delivering each others' products, so the merger will not be bring added benefit.
While the business of associate banks was already reflected in the SBI balance sheet, the size of the bank is no assurance of its success in a competitive world, the association members think.
Also, as the associated banks are already generating profits, surpassed CAR norms, reduced NPA and have increased market share, there is no justification for the merger of banks, the unions suggest.
