Though the NDA government is taking undue delay in taking decisions on the recommendations of the VII CPC, on the justified demands of the working class and also stopping the high price hike, it is moving fast with destroying the Public Sector Units. The latest is the cabinet decision to merge the 5 associated banks with the SBI, which is strongly opposed by the bank employees and the trade unions. In the name of strengthening the SBI, it is destroying the associated banks which have served the people in a big way. The merger will neither serve the interests of the SBI. Many branches will be closed and employees will be reduced.
The organisations of the Bank employees are on struggle against the fully unjustified decision of the government. Our full support and solidarity to them. We demand the government to retract from the wrong step.