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Karnataka: Protest against tri-merger of banks on Feb 2

MANGALURU: The Vijaya Bank Ulisi Horata Samiti on Thursday introduced that the mass protest towards the proposed merger of Vijaya Bank with Bank of Baroda awill now be hung on February 2. The protest that was to start with scheduled for January 20 and later rescheduled for January 31 will now be hung on Saturday and can quilt the two districts of Dakshina Kannada and Udupi, the Samiti said.

“We are expecting a minimum of 5,000-10,000 other folks right from Kundapur to Sullia converge at Mulki the place the protest assembly will likely be held at Gandhi Maidan in Karnad,” Dinesh Hegde Ulepady, president of the Samiti, said. Customers of the financial institution, staff, present and former, leaders of quite a lot of political events and organizations including the ones bearing on the banking sector from the two districts are anticipated to participate in the protest rally, he said.

The Union government on January 2 notified its choice to merge Vijaya Bank and Dena Bank with Bank of Baroda in a bid to further strengthening banking operations in India. This first tri-merger of banks following the merger of work-mates of State Bank of India with the parent financial institution, raised the heckles of the locals for the reason that Vijaya Bank is one in all the five nationalized banks to have taken delivery on this district thought to be cradle of banking.

The transfer had ended in robust political change between local BJP and Congress leaders with Congress leaders seeking to focus on DK MP Nalin Kumar Kateel for this choice of the union government. The BJP on its phase hit again on the Congress reminding its leadership of a choice to prevent naming of Light House Hill Road after Mulki Sunder Ram Shetty, CMD of the financial institution, credited with giving the financial institution a sense of function while giving employment to locals.

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