MALAPPURAM, Dec 15:To mark their protest against the non-cooperation of the bank authorities in merging with the newly formed Kerala Bank, the staff members of the Malappuram District Co-Operative (MDC) Bank will launch their three-day token strike from Monday.
While 13 out of the total 14 District Cooperative Banks (DCBs) formed part of the new bank, the MDC Bank opted to keep off the big bank.
The new bank has been formed by merging the DCBs with the Kerala State Co-Operative Bank KSCB) and renaming it as Kerala Bank, by amending Sec 14(A) of the Kerala Co-Operative Societies Act.
Despite the fact that the new entity would become the bank with largest network in Kerala, the general body of the MDC Bank stood strong to its declared policy to oppose the amalgamation, sources said.
The MDC staff will go on an indefinite strike from January 1, 2020 if the bank continued to shy away from merging with Kerala Bank, sources added.
(UNI)
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