Thiruvananthapuram: Union Governmnent's move to merge small banks with major financial institutions would result in the destruction of rural banks, state Law Minister M Vijayakumar said on Sunday.
Inaugurating the 'Navagatha Sangamam' to welcome new
staff to State Banks Staff Union, he said the nation would
suffer if the principles of nationalisation of banks were
forgotten.
He alleged that many provisions in international
financial agreements were being kept secret by the central
government.
Bureau Report
First Published: Sunday, November 15, 2009, 23:03