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Mangaluru: Former director of Vijaya Bank terms merger a move of ‘dictator’

  •   Fri, Apr 05 2019 04:05:43 PM

Daijiworld Media Network - Mangaluru (ANK)

Mangaluru, Apr 5: Former director of housing finance, Vijaya Bank, Subbaiah Shetty expressed his dissatisfaction over Vijaya Bank’s merger with Bank of Baroda and Dena Bank and termed it as a move of a ‘dictator’.

Addressing media here on Friday April 5, Subbaiah Shetty said, "I am a follower of RSS and had been to jail during the time of emergency. I have worked for the development of Vijaya Bank along with Mulky Sunder Ram Shetty. The decision of bank merging was done in hurry just to protect fraudulent businessmen. No debate took place for the last three years for not appointing any officer and employee representatives for the bank board,”

“The bank played prominent role in the development of BJP and RSS. Kalladka Prabhakar Bhat had asked for donation to start his school. I had collected Rs 8 lac in the form of advertisement and donated it to the school,” he added.

“Vijaya Bank was the pride of coastal region and stood tall because of Bunt community. There is one MP and four MLAs who belong to the Bunt community. It is very disheartening to see the MP and four MLAs belonging to the Bunt community not doing anything to save the bank. I had asked for an opportunity to speak to the finance minister, but was denied a chance. I am deeply hurt to see that the local MP and MLAs did not do anything or interact with the Prime Minister to stop the bank merger,” he said.  

Vijaya Bank retired officer Narayana Salian and Sadananda Shetty were present. 
  

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Comment on this article

  • Harish Naik, Udupi

    Sat, Apr 06 2019

    This is an example which direction the country is going? Let us give good reply while voting! Be aware voter friends!

    DisAgree Agree [1] Reply Report Abuse

  • Lakhshmi, Mangalore

    Sat, Apr 06 2019

    This is time for withdraw all money and close bank account in Vijaya Bank and say a final goodbye to the BOB which swallowed our bank like a python (hebbavu)

    DisAgree [1] Agree [3] Reply Report Abuse

  • Latheesh, Mamgalore

    Sat, Apr 06 2019

    Please close all accounts in Vijaya Bank and please open / start bank account in other bank like Canara Bank or Corporation Bank. Let us save our money in a bank of Tulunadu which is not mixed up with any loss banks

    DisAgree Agree [7] Reply Report Abuse

  • Prajwal J.P., Mangalore

    Sat, Apr 06 2019

    You have spoken the truth Mr.Subbayya Shetty. But BJP MP, MLAs and MLC and some leaders are interested in naming the Light House Hill Road after Mulky Sundaram Shetty. instead of raising their voice against the merger. Vijaya Bank Staff association, ex employees association . BJP leaders are responsible for the merger. Vijaya Bank was apride of Mangalore.We lost it because of BJP leaders. MLA Vedvyas Kamath raises his voice for unnecessary things.But where was he when the merger of the bank took place? Where was nalin Kumar Kateel, Ganesh Karnik, Sunil Kumar, Bharat Shetty and others?

    DisAgree Agree [23] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Apr 06 2019

    Kindly close all Banking Accounts with Vijaya Bank before this money gets siphoned off by Gujarati's ...

    DisAgree [1] Agree [23] Reply Report Abuse

  • Shahid, Mangalore

    Sat, Apr 06 2019

    All the customer of Vijay’s bank should close their account immediately to protest the merger of vijaya bank with bank of baroda.....we have other options like Canada bank, corporation bank etc...without the customer how can a bank survive...this is a good idea to protest

    DisAgree Agree [18] Reply Report Abuse

  • G M Hegde, Udupi

    Fri, Apr 05 2019

    You did not give one rupee loan to businessmen of coast, made them run from pillar to post tortured them in the end each businessman accumulating a truckload of xerox sheets at home but no loan. Most of your managers gave loans to those who gave sweet boxes. As you all are govt servants you will lead a peaceful retirement with pension. If not for private Banks like HDFC, ICICI businessmen of coast including Bunts wud have been on the footpath. Hence today there is no one to give you a shoulder & we r not sad at the merger.

    DisAgree [8] Agree [32] Reply Report Abuse

  • Valerian DSouza, Udupi / Mumbai

    Sat, Apr 06 2019

    What you said is very true. We too have been supported by some of our co-operative Banks.
    Sad, why there is no unity of our people like Keralites and Gujaratis have?
    But it's time for introspection and remedial action!

    DisAgree Agree [12] Reply Report Abuse

  • Vijayee, Mangalore

    Fri, Apr 05 2019

    In Vijaya Bank there was only one leader..i.e , Late Sri Mulki Sunder Rama Shetty sir..
    Others were all dummies....or paper tigers ...

    DisAgree [3] Agree [26] Reply Report Abuse

  • Praveen Pinto, Padavinangady Bondel

    Fri, Apr 05 2019

    Why the bank was not named "Vijaya Bank" after the merger...

    DisAgree [5] Agree [27] Reply Report Abuse

  • Praveen Pinto, Padavinangady Bondel

    Fri, Apr 05 2019

    Why the bank was not named "Vijaya Bank" after the merger...

    DisAgree [3] Agree [14] Reply Report Abuse

  • Dylan, Mangalore

    Fri, Apr 05 2019

    What to do Sir we have uneducated representatives elected from the district. Even as we say that people of DK are educated our representatives are uneducated. Hence this time we have to elect a educated MP.

    DisAgree [4] Agree [35] Reply Report Abuse

  • Ali, Mlore

    Fri, Apr 05 2019

    The primary reason why Mergers and acquisitions happen to is to evade competition,,synergy benefit.
    There is no question of competition here as all these banks have been players in the market for past several here.Hostile take over happen to eliminate new start up or startup business that have grown in recent past.

    The established business enter into mergers for synergy benifits .The synergy benifits could be many.Lesser operation costs,eleimination of duplicate bank branches in same city etc..which will inturn cut down operation costs at detailed levels like employee salaries ,rent of premises...

    The point here to ask why they had to do in such haste.why these banks had to come together so urgently...to cut donw costs and increase profits.

    There are somethings that we cant just conclude without seeing the books of accounts,getting the analytics of npa trend for past 5 years of these bank.etc.
    But prima facie ,suspicion is inevitable without information.

    DisAgree [1] Agree [6] Reply Report Abuse

  • Marle, Kudla

    Sat, Apr 06 2019

    Well to be perfectly honest, in my humble opinion, of course without offending anyone who thinks differently from my point of view, but also by looking into this matter in a different perspective and without being condemning of one's view's and by trying to make it objective, and by considering each and every one's valid opinion, I honestly believe that I completely forgot what I was going to say.

    DisAgree [1] Agree [5] Reply Report Abuse

  • AMAR NATHAL, MANGALORE

    Fri, Apr 05 2019

    People were busy renaming the road and let go the Bank. You won't get to the fact with illiterate MP's speaking about exchange rate and swiss money. All clear, all white.

    DisAgree [3] Agree [31] Reply Report Abuse

  • Prakash D' Cunha, Mangalore

    Fri, Apr 05 2019

    Agree.

    DisAgree [3] Agree [23] Reply Report Abuse

  • Valerian DSouza, Udupi/Mumbai

    Fri, Apr 05 2019

    Very true. Somebody atleast opened up. BOB made huge losses by giving bad loans to fugitive industrialists.
    To negate the effect, they merged with profit making Vijaya Bank.
    Same way, giving Mangalore Airport to Adani.
    Instead the Airport should have been given to UAE industrialist Shetty or Manipal Group. Gujarati lobby, overpowering / manipulating our Banks & Infrastructure.
    BOB loss making and Adani huge Bank defaulter. Surprisingly Karnataka BJP' ans not opposing the move!

    DisAgree [5] Agree [39] Reply Report Abuse

  • Khursheed, Abu Dhabi

    Fri, Apr 05 2019

    All our Karnataka origin banks are mourning that our friend is no more..

    DisAgree [2] Agree [39] Reply Report Abuse

  • Peter Saldanha, Udupi

    Fri, Apr 05 2019

    Mangaloreans are pioneers in Banking, Rest of Indians learned tricks later, We have Syndicate, Canara, Vijaya, Corporation, Karnataka Banks originated from Tulunadu, Our own Mr John Dsilva from Sanoor Karkala started Abhyudaya Bank, Model Coperative Bank and Citizen Bank in Mumbai, ICICI Bank was founded by K.V Kamath..Corporation Bank was started by Haji Saheb in Udupi...what great personalities and visionaries we had, Mr Srinivas Mallya, TMA Pai, T A Pai, Sundarm Shetty etc.

    DisAgree [1] Agree [52] Reply Report Abuse

  • Thomas Pinto, Mumbai

    Fri, Apr 05 2019

    When Banks from Our coastal region were nationalised why Bunts did not protest? Because Mrs Indira Gandhi was real dictator and there was no freedom of speach. Once Bank is nationalised you can not say Bank belongs to Mangalore or Bunts..The Road i live in Mumbai there are 8 Nationalised Banks on a stretch of hardly half Kilometer, They Pay huge rent for the building owner, World is going digital, brick and mortar systems are thing of the past, Why unnecesarry expenses so merge them make single entity. Be smart..just dont argue for the sake of it.

    DisAgree [27] Agree [20] Reply Report Abuse

  • Toilet Chowkidar, Mangalore

    Fri, Apr 05 2019

    Everything is going digital save expenses on multiples of the same then tell your Chor Chowkidar boss in Delhi to stop thousands of fake TV channels, different retail consumer agencies and govt agencies and so on. If banks like Dena Bank and Baroda bank are on the brink of collapse then don't merge them with profit making banks like Vijaya banks etc. It will add only for another bigger disaster of collapsing another third bank and so on. BJP in the centre doesn't have any solution for financial crisis it has created. Cutting SHENDI of one and sticking to other one's scalp.

    DisAgree [3] Agree [39] Reply Report Abuse

  • Rathan, Mangalore

    Fri, Apr 05 2019

    Toilet chowkidar
    You don't know the difference between TV Channels and Banks.
    T V Channel is private and if you r interested you can start one..All the 3 banks in this case is nationalised. So it is Govt Indua owned and not any Bunt/konkani /Bhats
    Once nationluzed means it is the property of Govt. Nobody objected for nationalisation or Loan mela of Poojari which made the banks to bleed
    Why ur nidderamayya gave padubidri power plant to Adani? Why you r silent about that
    All nautanki and dombarata by sickulars

    DisAgree [10] Agree Reply Report Abuse

  • sunitha, udupi

    Sat, Apr 06 2019

    no issues merge it but name it - Vijaya Bank

    DisAgree [1] Agree [2] Report Abuse

  • Vishu, Moodbidri

    Fri, Apr 05 2019

    Train has already left the station, now no point in repenting.

    DisAgree [7] Agree [35] Reply Report Abuse

  • k b r, Mangala Uru

    Fri, Apr 05 2019

    Vijaya Bank merger with Gujju Bank is punishment for Bunt community for helping RSS and BJP and also making donation to Kalladka...

    DisAgree [5] Agree [79] Reply Report Abuse

  • Sahil, Mangaluru

    Fri, Apr 05 2019

    From the day one I told same thing gujjus looted our bank.

    DisAgree [7] Agree [72] Reply Report Abuse

  • Desmond Nazareth, mangalore

    Fri, Apr 05 2019

    and the country

    DisAgree [3] Agree [34] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Apr 05 2019

    Bank of Baroda & Dena Bank have severe liquidity problem because they gave Money thoughtlessly to any Tom, Dick & Harry. If this continues Vijaya Bank will also go in the Dust Bin ...

    DisAgree [6] Agree [70] Reply Report Abuse

  • NAVEEN, MANGALURU

    Fri, Apr 05 2019

    This is the gift from Modi Team

    DisAgree [4] Agree [70] Reply Report Abuse

  • cyril mathias, udupi

    Fri, Apr 05 2019

    Kannadigas are very naive people.We are silent when we must be vocal.silence is taken as weakness,hence the BJP confiscated our State bank of Mysore. ,we kept silent.Now it is the turn of Vijaya Bank,the pride of Karavali. Through the backdoor the center is imposing Hindi language to destroy our cultural history..People of all hues in Karnataka must resist further damage to our tradition and culture.

    DisAgree [2] Agree [53] Reply Report Abuse

  • Arun, Mangalore

    Fri, Apr 05 2019

    This is the beginning wait for wail other bank also merged Gujarati Bai bank.

    DisAgree [3] Agree [52] Reply Report Abuse

  • PAM, MLR

    Fri, Apr 05 2019

    Next year after that same thing we will hear from some Kamath or Pai once PNB with CANARA. Think before voting this is your opportunity.

    DisAgree [3] Agree [63] Reply Report Abuse

  • R.Bhandarkar, Mangaluru

    Fri, Apr 05 2019

    What Nonsense.

    DisAgree [47] Agree [13] Reply Report Abuse

  • rajesh, udupi

    Fri, Apr 05 2019

    chowkidhar chor hai........sense

    DisAgree [3] Agree [67] Reply Report Abuse

  • godwin, mangalore

    Fri, Apr 05 2019

    we request Subbaiah Shetty, please let us know who initiated the merger of vijaya bank. which govt started this process. who are all involved in this process.

    today the same people opposing the merger who earlier opposed the naming sundaram Shetty name for particular road in mangalore. the same people used the school children for protest. but now all of a sudden they are supporting vijaya bank eventhough don't have SB A/c with this bank.

    I request those who support vijaya bank should come forward & rename the Road sundaram Shetty road, then we can believe that they are real supporter of vijaya bank.

    DisAgree [43] Agree [10] Reply Report Abuse

  • flavian dsouza, chik/bengaluru

    Fri, Apr 05 2019

    There is not a single benefit of this merger....can they highlight and show the benefits to the people .
    All an eyewash to wipe out the debts of BOB ...BOB declared 4 k losses last quarter and Vijaya showed profits when you combine 4-2 becomes 2 crore loss for next quarter and this will go on ….till one day combined entity will show losses

    DisAgree [2] Agree [36] Reply Report Abuse

  • Rolf, Dubai

    Fri, Apr 05 2019

    You are RSS as you said . now you regerat.

    DisAgree [1] Agree [47] Reply Report Abuse

  • Lobo, Mangalore

    Fri, Apr 05 2019

    Most of the people opposing the merger have no idea and do not know A B C of mergers and acquisitions. And ironically many of those do not have saving bank accounts in the said bank are opposing just finding a reason to criticise the government. Some of them are finding political opportunity also.

    DisAgree [58] Agree [24] Reply Report Abuse

  • Akash Salian, Mangalore

    Fri, Apr 05 2019

    The people who opposed the bank merger have no idea or don't have ABC of mergers and and acquisitions ,if you knows this please let us know the acquisition through this forum.

    DisAgree [9] Agree [36] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Apr 05 2019

    Lobo,
    Do you understand Finance ...

    DisAgree [5] Agree [50] Reply Report Abuse

  • Haneef, Mangalore

    Fri, Apr 05 2019

    Soon everyone those working in these banks will realise after losing the jobs.

    DisAgree [2] Agree [22] Reply Report Abuse

  • John Tauro, M'lore/ Kwt

    Sat, Apr 06 2019

    There was no opposition when Indira Gandhi nationalized major private banks in 1969 and Vijaya Bank in 1980. Now there’s no sense in opposing the merger of two or three public sector banks. What’s hurting is why the name of a well running successful bank not retained? It’s ridiculous that an insolvent bank on the verge of closure still exists while a solvent bank is rendered non-existent.

    DisAgree [1] Agree Reply Report Abuse


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Title: Mangaluru: Former director of Vijaya Bank terms merger a move of ‘dictator’



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