Finance Minister Nirmala
Sitharaman has categorically
said the proposed merger of
banks would not lead to any
job losses.
Talking to reporters in Chennai today,
she said not even a single
employee would be removed
following the amalgamation.
She dismissed reports of job
loss due to the merger,
saying it is absolutely ill
informed.
Nirmala Sitharaman on Friday
unveiled a mega plan to
merge ten public sector
banks into four. It is aimed at
creating stronger lenders of
global scale. However, some
of the bank unions are
agitated fearing loss of jobs.
Ms Sitharaman sought to
reassure the unions, saying it
is not an anti-staff move
