MPs ask for review of Vijaya Bank merger with BoB

MPs Nalin Kumar Kateel, Shobha Karandlaje and Gopal Shetty submit a memorandum to Union Finance Minister Arun Jaitley in New Delhi on Tuesday.

Dakshina Kannada MP Nalin Kumar Kateel, Udupi-Chikkamagaluru MP Shobha Karandlaje and Mumbai MP Gopal Shetty met Union Finance Minister Arun Jaitley on Tuesday.

They submitted a memorandum urging him to review the decision on merging Vijaya Bank with Bank of Baroda.

The MPs also appealed to the minister to retain the name of Vijaya Bank, even after the merger with Bank of Baroda.

The minister responded positively and promised to look into the issue, sources added.

Protest

Opposing the merger of Vijaya Bank with Bank of Baroda, members of the District Congress will stage a protest in front of all branches of Vijaya Bank throughout Dakshina Kannada district between 10 am and 11 am on January 10, said MLC and district Congress Committee president Harish Kumar.

Speaking to reporters at the District Congress Committee office in Mangaluru on Tuesday, he called the decision of the Central government disheartening and said that it was wrong on the part of the government to merge Vijaya Bank with Bank of Baroda as the earlier is a profit-maker.

He meanwhile urged the MP from the district to convince the Central government to shelve its decision. If the merger is inevitable, the Bank of Baroda should be merged with Vijaya Bank and not the other way round.

Leaders Shashidhar Hegde and A C Vinay Raj were present among others.

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MPs ask for review of Vijaya Bank merger with BoB

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