Ker CM writes to PM against transfer of SBT official, merger

Image
Press Trust of India Thiruvananthapuram
Last Updated : Aug 24 2016 | 8:28 PM IST
With a controversy brewing over the transfer of a senior official of the State Bank of Travancore from here for allegedly opposing the bank's merger with SBI, Kerala Chief Minister Pinarayi Vijayan today wrote to Prime Minister Narendra Modi against the shifting and the merger move.
SBT Chief General Manager S Adikesavan was transferred to Hyderabad for allegedly speaking against the proposed merger of Kerala-based SBT with the banking behemoth State Bank of India.
In the letter, Vijayan has sought withdrawal of the transfer order and the merger decision, the CM's office said.
Veteran CPI(M) leader V S Achutanandan and Leader of the Opposition in the state Assembly Ramesh Chennithala were among those who voiced their views against the transfer of the official, who had stood against the merger proposal.
However, SBT Managing Director C R Sasi Kumar said the transfer was part of a "routine" exercises.
The official has been transferred to SBI's Inspection and Management wing at Hyderabad, he said.
The SBT Employees union has also come out against the transfer of Adikesavan.
Various political parties including ruling CPI-M have opposed the merger of SBT with SBI.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 24 2016 | 8:28 PM IST

Next Story