SBI shuts down 200 SBT branches
posted on Sep 7, 2016 @ 12:28PM
Two hundred branches of State Bank of Travanacore might be shut by the State Bank of India. Official sources had informed the bank union that over 200 SBT branches in the state were up for closure and the general secretary of SBT employees union, K.S Krishna said that they would apprehend more closures. According to Mr. Krishna, there would be a surplus of 2500 employees because of the closure of the branches. Managing director SBI, the in charge of the merger, Dinesh Khara said that, there would be no job losses and the manpower rendered surplus due to the merger or closure of administrative setups would be redeployed.