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UFBU announces protest outside Parliament against mega bank merger

The UFBU has also decided to give a memorandum to Union Finance Minister Nirmala Sitharaman

Wednesday September 11, 2019 10:32 PM, ummid.com with inputs from IANS

Bank Unions Protest At Parliament

Chennai: The United Forum of Bank Unions (UFBU), the umbrella body of nine banking sector trade unions, will hold demonstration before the Parliament next week to protest against the mega bank merger plan announced by the government, a top banking union leader said.

All India Bank Employees' Association (AIBEA) General Secretary C.H. Venkatachalam told IANS that the UFBU has decided to a national dharna before Parliament on Sep 20 at 10.30 a.m.

The UFBU has also decided to give a memorandum to Union Finance Minister Nirmala Sitharaman.

The bank unions have decided to protest following the Modi government's decision to merge 10 public sector banks (PSBs) into four entities, which includes the amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank.

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