AIBOC issued its circular No. 74 on merger move of Bank of Rajasthan with ICICI Bank. We are reproducing the same here for our readers.
CIRCULAR NO.74 25.05.2010
To All Affiliates /Members
BANK OF RAJASTHAN (BOR) MOVE TO MERGE WITH ICICI BANK
Please refer our Circular No. 68 dated 19th May-2010, on the captioned matter.
The merger move has come as a sudden jolt to the employees and officers of Bank of Rajasthan, giving very little time for their unions to protest and attempt to stall the move. However all the three Unions operating in BOR, have come under one umbrella body i.e.: “United Forum of Bank of Rajasthan Unions” and have taken immediate decision to launch an action programme, opposing the Government’s move to merge BOR with ICICI Bank. The details of the action programme are as under.
| Date | Programme |
| 19th May, 2010 | Spontaneously, countrywide demonstrations before all Regional Offices, Corporate Office –Mumbai and Central Office –Jaipur in the evening. |
| 22nd May, 2010 Memorandum to be served To: | Demonstration at 2.30 pm at all branches, Regional Offices and Central Office –Jaipur and Corporate Office –Mumbai and all branches of the Bank. Hon’ble Prime Minister, GOI, New Delhi Hon’ble Finance Minister, GOI, New Delhi Hon’ble State Finance Minister, GOI, New Delhi Hon’ble Chief Minister , Govt. of Rajasthan, Jaipur All Members of Parliament from the state of Rajasthan by respective units The Governer, Reserve Bank of India, Mumbai The Chairman, SEBI, Mumbai |
| 24th May 2010 | Dharna at Central Office, Jaipur |
| 25th May 2010 | Wearing Black badges. Massive postering before all branches in the country and collection of signatures from customers opposing merger with ICICI Bank. |
| 28th May 2010 | Massive demonstrations before all Regional Offices, Corporate Office- Mumbai and Central Office –Jaipur |
| 3rd June 2010 | Dharna before all Regional Offices in the Country, Corporate Office –Mumbai and Central Office –Jaipur followed by demonstrations |
| 4th &5th June 2010 | All India Bank strike in The Bank of Rajasthan Ltd. for two days |
Second phase of agitation:-
| Date | Programme |
| 17th , 18th and 19th of June 2010 | All India Bank strike in The Bank of Rajasthan Ltd. for three days. |
The move of the Government is totally against our just demand of merging old generation Private Sector Banks with Public Sector Banks which is in the interest of the nation , customers and the general public. The move indicates Government of India’s lack of sensibility to the global economic melt down leading to failure of many giant Banks, causing havoc in the financial sectors of countries across the globe. The unpleasant development should have opened the eyes of the Government to the ground realities of such moves. We hope Reserve Bank of India which has played a very important role in saving the Banking Industry from the onslaught of global economic crisis, will stall the move and initiate steps for merger of the Bank with one of the Public Sector Banks.
In this connection we have already addressed letters to the Hon’ble Finance Minister, Govt, of India and the Governor, Reserve Bank of India wherein we have strongly protested the move. The UFBU is meeting shortly to evolve strategies to thwart the move.
We request all our affiliates to extend whole hearted fraternal support to all the action programmes lunched by “UFBORU”, including joining their lunch time demonstrations.
With militant greetings
Sd/-
(G.D. NADAF)
GENERAL SECRETARY
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