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.