Vijaya Bank merger reflects dictatorial policy of the Government : Former director of Vijaya Bank

Vijaya Bank merger reflects dictatorial policy of the Government : Former director of Vijaya Bank

Mangalore Today News Network

Mangaluru, Apr 05, 2019: The merger of the profit making Vijaya Bank with loss making banks is not a scheme of strengthening  the banking system, but is a dictatorial attitude of the Government, observed  Subbayya Shetty, Former director of Vijaya Bank.

 

Speaking to reporters here on April 5, Friday, he expressed his strong resentment over the merger of Vijaya Bank and  alleged that it only intended at  shielding some fraudster entrepreneurs.  That   representatives of officers and employees have not been appointed to the board of any bank since the past three years, has never been a matter of debate, he regretted.

He said the Bank which was born  out of great efforts of the Bunt community, was the pride of the coastal district. It is a regret that none of the four MLAs and an MP  belonging to the Bunt community in the district, could save the Bank, said Shetty.