HC directs Canara Bank CMD's presence in court-Times of India
BENGALURU: The high court on Friday directed the chairman and MD of Canara Bank to personally appear and explain the reasons for taking a U-turn on the takeover of Amanath Cooperative Bank (ACB).Justice Ram Mohan Reddy gave this direction after counsel for Canara Bank submitted that the bank has decided not to go ahead with the merger. "We will not allow you to simply say goodbye to an agreement and leave.
If you have some difficulty, you could have said so in the beginning itself.
The proposal has been there for over a year. What have you been doing all these days? You have to explain the reason," the judge told the Canara Bank counsel.
Rajinder WaliAIPNBOA (Regd)
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Clarification issued by AIBOC:
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New Delhi, January 10: The news item published in First Post Online on January 8, 2015 with headline ‘Trade unions want five-days a week for Public Sector Banks; talks on with IBA’ has created confusions among Bank employees.
In that news item, it was reported that UFBU has decided to hold back the four-day strike originally planned from 21 January.
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New Delhi, January 10: The news item published in First Post Online on January 8, 2015 with headline ‘Trade unions want five-days a week for Public Sector Banks; talks on with IBA’ has created confusions among Bank employees.
In that news item, it was reported that UFBU has decided to hold back the four-day strike originally planned from 21 January.
...
Com Harvinder Singh, General Secretary, All India Bank Officers’ Confederation (AIBOC) has denied any such move by bank unions and said that no such decision was taken by UFBU.
AIBOC has informed that their stand is very clear on the issue.
AIBOC has informed that their stand is very clear on the issue.
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