The Associate Banks' Officers' Association (ABOA), All India Banks Officers Association (AIBOA) and All India Bank Employees Association (AIEBA) had observed strikes in October and December last year to protest the merger.
According to the association members, the branch network of SBI and associate banks are already delivering each others' products, so the merger will not be bring added benefit.
While the business of associate banks was already reflected in the SBI balance sheet, the size of the bank is no assurance of its success in a competitive world, the association members think.
Also, as the associated banks are already generating profits, surpassed CAR norms, reduced NPA and have increased market share, there is no justification for the merger of banks, the unions suggest.
SBI unions oppose the merger because they do not wish SBI to be strong. They want the ICICI to be the biggest. It is ridiculous that Subsidiary Bank unions are also opposing the merger which would improve the service conditions of their members. The unions are being influenced by the new generation bank owners. Subsidiary Bank employees want the merger that alone would give them Pension facility, for which the unions have been making them strike work twice every year
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