Employees protested on 13 December against the decision to privatize the 100-year-old Nainital Bank

Report of Kamgar Ekta Committee (KEC) Correspondent


On December 12, Bank of Baroda invited online and offline bids to sell its 98.57% stake in Nainital Bank. Employees and officers of Nainital Bank opposed this move and demonstrated against it in Nainital on 13 December.

Mr. Chandrashekhar Kanyal, President of Nainital Bank Officers Association said, “Every employee and officer of the bank opposes this attempt to sell Nainital Bank. Our demand is that Nainital Bank should be merged with BOB (Bank of Baroda). The employees and officers of the bank will agitate against this decision.”

Nainital Bank was established in 1922 with the objective of providing banking services to people in hilly regions. Nainital Bank was acquired by Bank of Baroda in 1973. The bank conducts its business through 166 branches in five states and employs approximately 1,000 employees.

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