Source :Press Trust of India / Vadodara May 20, 2010, 20:16 IST
All India Bank Employees Association (AIBEA) today opposed the proposed Merger of Bank of Rajasthan with ICICI Bank saying it should be merged with Public Sector undertaking (PSU) bank instead of a private one.
"It is very surprising and a matter of intrigue that ICICI Bank wants to take over Bank of Rajasthan knowing that the Bank has been involved in various types of unhealthy and undesirable banking practices," AIBEA General Secretary C H Venkatachalan told PTI.
There is something that does not meet the common eye in this deal. Equally, when RBI knows well that this Bank is not being managed well by its main promoters. Why it is being glossed over and allowed to be put under the carpet by allowing this take over by ICICI Bank? he asked.
AIBEA demands a Parliamentary probe into this scam and culprits to be brought to the book, he said.
"Bank of Rajasthan is otherwise a household Bank in Rajasthan and people have faith in it. If the Bank is not doing well according to RBI, it should be put on moratorium and merged with a public sector Bank," he said.
Venkatachalam said Central government should immediately intervene in the matter and stop this unwarranted merger.
No comments:
Post a Comment