Shut down SBI branches till cash flow improves, says trade union


Chennai, Jan 12 (IANS): State Bank of India (SBI) can shut down its branches till the supply of cash gets normalised and staff are not put to risk to face the ire of banking public, a top union leader said.

"We have suggested to the SBI management to down the branch shutters till the supply of cash gets normalised. It is better to close down the branches for some time than the staff face the ire of the public for no fault of theirs," D. Thomas Franco Rajendra Dev, Senior Vice President of the All India Bank Officers Confederation (AIBOC), told IANS.

Dev wondered how his comrades in Maharashtra, Madhya Pradesh and Chhattisgarh are saying that cash supplies there are better but such views are not heard from his comrades in other states.

"It is strange that Reserve Bank of India (RBI) is not divulging as to the amount of cash supplied state-wise and bank-wise. What is the big secrecy to be safeguarded after the cash has been distributed to states and banks?"

According to Dev, in many SBI branches cash is being rationed amongst the account holders.

The RBI has been issuing empty statements about currency supplies being comfortable and currency being sent to rural areas whereas in reality it is not so, Dev charged.

He said people in Tamil Nadu will not be able to celebrate Pongal festival properly due to cash crunch.

  

Top Stories


Leave a Comment

Title: Shut down SBI branches till cash flow improves, says trade union



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.