Mangaluru: Vijaya Bank merger with BoB; Cong alleges MP Nalin made no concerted efforts in saving VB

Pics: John V Tauro
Bellevision Media Network

Mangaluru, 03 Apr: The move by BJP-led union government to merge Vijaya Bank (VB) that was running in profit with Dena Bank and Bank of Baroda (BoB) in a short time has its own agenda, because BoB had the highest NPA and Dena Bank was running in losses. Vijaya Bank was a succor to rural farmers across undivided Dakshina Kannada district as per the guidelines issued by Narasimhan Committee that has become a scapegoat to save a few industrialists, alleged Mahabala Marla, former mayor of Mangaluru and spokesperson of DK District Congress Committee.

 

 

Addressing the media persons, here on Wednesday, April 3, Mahabala Marla said that the union government has not appointed any representatives of both officers and employees in the board of directors since the past 3 years that is the gross negligence of BJP-led union government. It was done deliberately to keep the officers and employees of banks in dark and benefit the industrialists who owed several crore of rupees. It’s the clear case how the union government exploiting Public Sector Banks (PSBs) for its purpose, added Mahabala.

 

He further alleged that the sitting MP of DK – Nalin Kumar Kateel who failed in his duty to save Vijaya Bank when the proposal of merger was tabled in Lok Sabha, by garnering support from banking stalwarts of DK and other political parties for Mission to save Vijaya Bank. Meanwhile, the voters will teach a fitting lesson to Nalin in the upcoming general elections for his unconcern, he said.