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State Bank of Mysore to observe strike on July 6

Posted 07 4 2009 9:00PM

MUMBAI (Reuters) – said on Friday its employees have proposed to go on strike on July 6 to protest the merger of with and other associate banks.

The boards of SBI and State Bank of Indore had approved an acquisition of the latter by the country's biggest lender on June 19.

SBI has also absorbed and has said it is progressively looking to merge its other associate banks.

Six associate banks of SBI will participate in the strike on Monday, it said.

SBI along with associates control a quarter of Indian bank loans and deposits.


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