Mangaluru: “The merger of the bank with loss-making banks is a dictatorial decision,” said former director of Vijaya bank Subbayya Shetty yesterday.
The merger of profit-making Vijaya bank is not meant to strengthen the banking system but was hurriedly carried out only to protect fraudulent businessmen, he claimed while speaking to reporters.
Shetty said that representatives of officers and employees have not been appointed to any of the banks in the last three years and the issue was not discussed at any forum.
Vijaya bank was the pride of the coastal region and the Bunt community which played a key role in setting up of the bank, he further added.