STOCK MARKET BSE NSE

Worried 120 bank staffers get temporary relief from Karnataka High Court

The Court restrained SBM and SBI from altering the service conditions of 120 employees working across the state or terminating their services, till the next hearing on April 13.

Published: 31st March 2017 03:57 AM  |   Last Updated: 31st March 2017 03:57 AM   |  A+A-

By Express News Service

BENGALURU: The High Court on Thursday restrained State Bank of Mysore (SBM) and State Bank of India (SBI) from altering the service conditions of 120 employees working across the State or terminating their services, till the next hearing on April 13.

Justice G Narendar passed an interim order to this effect while hearing the petition filed by C Ravi, working in SBM at Kavalbyrasandra branch in the city, and 119 other employees. The judge also issued emergent notice to the Ministry of Finance, SBM and SBI and others.

The petitioners submitted that they are all employees of SBM and that they have rendered service for well over a decade and in some instances for nearly two decades.

However, SBM and SBI have entered into an arrangement where SBI intends to acquire the businesses of SBM by way of amalgamation and that SBI has put the petitioners on notice that only permanent and regular officers will be absorbed and retained in service.

The petitioners added that during discussions held between the management and representatives of SBM employees, it was assured that the petitioners will be absorbed. SBM management had assured that temporary employees will be considered for absorption.

However, SBI’s stand is contrary to the understanding arrived at between representatives of SBM employees and the management.

The petitioners apprehend that SBM and SBI could terminate their services with effect from March 31 and sought an interim order. The court passed an interim order restraining the managements from changing service conditions.

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp