Letter to the Minister of Finance & Corporate Affairs (SBT issue)

Dear Shri. Arun Jaitley Ji,

I would like to bring to your kind attention that the concerns of State of Kerala, the employees of the State Bank of Travancore and the customers of the bank, raised before the merger of SBT with SBI seem to be vindicated by the post merged developments.

Now aggrieved by certain measures taken by SBI that has affected adversely the trade union rights, service conditions and the customers, the Travancore State Bank Employees Association has started sathyagraha on 19th July and the agitation is continuing. The main grievance is that without notice the management has de recognised the union and that despite the directions of the Division Bench of the Hon’ble High Court, the bank is yet to implement the cheque off facility.

Contrary to the assurances by the Bank that merger will result in expanded services to the customers, there are now concerns about the reported news of closing down branches of erstwhile SBT and other Associate Banks in Kerala and the customers being directed to avail of services from other existing SBI branches.

The imposition of enhanced service charge for all transactions and penalties for non maintenance of minimum balance has caused difficulties to small and medium customers and also the service charges on all ATM transactions has elicited severe public criticism.

I would therefore request for your kind intervention and instructions to the concerned authorities to examine and resolve the post merger issues and address the grievances of the unions and the customers.

With regards,

Yours sincerely,


Shri. Arun Jaitley
Hon’ble Minister of Finance & Corporate Affairs,
Government of India,
Room No 134, North Block,
New Delhi-110001.