Bank Employees' Association wants LVB to be merged with a PSU bank

RBI's role should be thoroughly probed, says AIBEA

All India Bank Employees’ Association (AIBEA) has said that LVB should be amalgamated with a public sector bank, and has called for a probe on RBI's role in not taking timely action.

C H Venkatachalam, General Secretary, AIBEA said that the association had been demanding timely action by RBI on LVB's deteriorating health for the lender's merger with a Public sector Banks. Such proactive action was not taken.

"Now this announcement has come as a shock to the bank's customers and general public. This will create panic and doubt in the minds of people about the stability and dependability of