The Corporation Bank Officers’ Organisaton (CBOO) has said its members will show the same dedication in the amalgamated entity as they did in Corporation Bank.
Corporation Bank and Andhra Bank have been merged with Union Bank of India with effect from April 1.
Satish Shetty, General Secretary of CBOO, told
Quoting the lines from the
He said the CBOO fought hard on all fronts to avert the merger. “Our last hope, the fight in the judicial front, also failed due to the ‘corona effect’ as the courts have not listed the case for hearing. However, we have the satisfaction (of knowing) that we did our part to save our identity; the result was not in our hands,” he said.
Isaac Vas, President of the Kanara Chamber of Commerce and Industry (KCCI), told BusinessLine that the amalgamation of the banks marks a very emotional moment for the people of coastal Karnataka, especially for those in Dakshina Kannada, who took great pride in Corporation Bank. Nevertheless, the current business scenario makes it inevitable, he added.