Banking and Trade union institute by June

The All India Bank Officer's Association (AIBOA) is setting up an Institute of Banking & Trade Union Research at Mamallapuram near Chennai. The Rs 1.25-crore project is expected to be commissioned on June 2, 2007.

RJ Sridharan, general secretary, AIBOA, told Business Standard that the objective of the institute was to develop the overall expertise of bank employees.

"The economic scenario, trade union philosophy, and competitive banking activities are all under going rapid changes. The coming up of the institute is, therefore, appropriately timed," he said.

Spread over an area of 11,000 sft, it can accommodate 100 students.