Merger of PSBs – a Failed Experiment

 

For All India Bank Employees Assocuation (AIBEA)

By Com. D R Tuljapurkar, Joint Secretary, AIBEA

In the process of merger of Public Sector Banks (PSBs), they have lost their market share significantly which it means to that extent banking business has been privatized without formally privatizing the banks. In the process, banks have distracted, customers are harassed & employees have opted out. Thus, it is banking, employees and customers who have paid the cost of merger.

 

upload.MERGER OF BANKS, A FAILED EXPERIMENT

 

 

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