Mumbai: Officers at State Bank of India associate banks have expressed fears over working conditions in new merged entity, according to a report in The Times of India.
Officers from State Bank of Hyderabad and Associate Banks Officers Association members have knocked on the door of Hyderabad High Court with their grievance.
SBI that will become 45th largest bank in terms of asset value in the world after merger has asked these officers to tell the bank their own choices or options. The Hyderabad HC has asked SBI not to act on options given by these officers until June 15.
Officers also allege that SBI management did not give them enough time to think over the options put before them. The petitioners also told the court that the options norm released by SBI came to an end on APril 13, leaving them with almost no choices.
Petitioners fear that they may not get the same treatment that the existing SBI employees are receiving from the bank management. R Vaigai, counsel for SBI officers argued before the court that the SBI management has not yet clarified on new working conditions for his clients.
However, the State Bank of India has told the court that it would act in fair manner and that it was also not able to take a final decision on options given by officers from SBI sister banks.
