All India Bank Officers’ Confederation has criticised government on going ahead with the amalgamation of the 10 public sector banks.
“Despite our appeal to the Prime Minister to revisit thedecision of the mega merger of the PSBs in view of the pandemic and nationwidelockdown, RBI notified the PSB amalgamations on March 28th,” a AIBOC statementsaid
“We are of the firm opinion that implementation of themerger decision during this abnormal period will severely impair the normalactivities of the PSBs and impose needless and avertable burdens on the bankofficers and employees. Training and integration of technology platformsfollowing the merger cannot proceed smoothly till the time lockdownrestrictions are in place,” said the statement.