Bank Merger: UFBU stage protest in Delhi

Members of United Forum of Bank Unions (UFBU) on Saturday staged protest here, against the major policy decision taken by the Government on amalgamation of 18 Public Sector Banks into four banks in an effort to impart them with a globally competitive edge. AIBEA said the ‘big bang’ announcement by  govt that 10 Public Sector Banks (PSBs) be merged into four Banks,is a ‘wrong decision’.

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