Bank of Rajasthan employees on strike from Monday and Banking operations in Rajasthan are set to be paralysed Monday with all bank employees threatening to boycott work in support of the three-day strike by Bank of Rajasthan staffers, a bank employees union official said Friday. The Bank of Rajasthan's (BoR) 4,300 employees in all 468 branches in the country shall launch a three-day agitation starting Monday, in protest against its proposed take-over by the ICICI Bank, All India Bank Employees Association (AIBEA) secretary Vishwas Utagi said. All other bank unions and staff have decided to go on a day's strike to express solidarity with them, he added. The stir follows a two-day agitation by the BoR employees June 4 and 5, Utagi added.
According to Utagi, the BoR is a very old private sector bank with an all-India banking network, and owning prime properties worth billions of rupees across Rajasthan. 'In recent times, the Tayal business group had taken control over the bank's board and misused the public funds in the bank,' Utagi alleged, adding that the Reserve Bank of India (RBI) then imposed fines of Rs.2.5 million on the bank for violating its guidelines in financial matters.
According to Utagi, the BoR is a very old private sector bank with an all-India banking network, and owning prime properties worth billions of rupees across Rajasthan. 'In recent times, the Tayal business group had taken control over the bank's board and misused the public funds in the bank,' Utagi alleged, adding that the Reserve Bank of India (RBI) then imposed fines of Rs.2.5 million on the bank for violating its guidelines in financial matters.
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