AIBEA to resist merger of three PSBs, says its aim is to protect defaulters

Association picks holes in merger of associates with SBI to build a case against amalgamation of BoB, Vijaya and Dena

The All India Bank Employees' Association (AIBEA) is planning to resist the move to merge three public sector banks -- Bank of Baroda, Dena and Vijaya -- claiming it is an attempt to camouflage the mess of bad loans attributed to corporate borrowers.

A special meeting of office bearers of All India Bank of Baroda Employees' Co-ordination Committee, All India Dena Bank Employees Co-ordination Committee and Vijaya Bank Workers' Organisation, held in Ahmedabad on Thursday, discussed the Centre's decision to merge the three banks and decided to resist the move.

"The meeting was clear in its understanding that the Government's decision on