Employees pledge to work for separate Indore bank
OFFICERS AND employees of State Bank of Indore today pledged to continue their struggle to make the Bank a separate entity and not part of the State Bank of India group at a function on the eve of the 87th foundation day of the bank.Updated: Mar 23, 2006 14:26 IST
OFFICERS AND employees of State Bank of Indore today pledged to continue their struggle to make the Bank a separate entity and not part of the State Bank of India group at a function on the eve of the 87th foundation day of the bank.
At the function jointly organised by All India State Bank of Indore Officers Coordination Committee and All India State Bank of Indore Employees Coordination Committee, the speakers said that the Indore bank should have an independent and separate identity.
Padamshri Babulal Patodi was the chief guest and other prominent persons present on the occasion included veteran journalist Jawaharlal Rathore, Malwa Chamber of Commerce president Prtitamlal Dua, retired IPS officer Surjit Singh, INTUC leader Shyam sundar Yadav, industrialist Anup Jain and Vidyadhar Shukla.
All India Bank Officers Association national president Alok Khare threw light on the need for State Bank of Indore to be made a separate bank and said that the decision to make the Indore Bank an associate of the State Bank of India under the Associate Bank Act, 1959 was made under different circumstances. Today the Indore bank is a profit making organisation but still each and every decision of the bank has to be approved by the State Bank of India.
There is a constant attempt for merger of banks in this era of globalisation and new economic policies, ignoring regional identity and culture. Indore bank has played a special role in the economic development of Madhya Pradesh and it is the need of the hour that the Bank is given its independent identity.
Babulal Patodi in his address said the government is bound to accede to the genuine demands of the people and said that the people of Indore support this demand for separation from State Bank of India.
Jawaharlal Rathore, Preetamlal Dua, Anup Jain, Shyam Sundar Yadav and Vidyadhar Shukla also seconded the demand.All India State Bank of Indore Officers Coordination Committee general secretary Satyendra Bindal said that the issues taken up at the discussion will help in the struggle for separation of Indore bank from State Bank of India.
The programme was conducted by Shyam Pandey while Suresh Jain proposed the vote of thanks.
First Published: Mar 23, 2006 14:26 IST