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SBI Workers Union Appeals Management To Reconsider Setting Up Subsidiary

It has been said that the management of State Bank of India needs to reconsider the setting up of subsidiary State Bank Operations Support Services

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The trade unions of the bank have said that the management of State Bank of India needs to reconsider the setting up of subsidiary State Bank Operations Support Services (SBOSS). This is because it will lead to outsourcing of basic banking functions and jobs. This will result in the appointment of contract workers which is not logical at all.

'We suspect that new forms of outsourcing of operations and jobs are being attempted through SBOSS. There is an agreement between IBA (Indian Banks Association) and Workmen's Unions under which outsourcing cannot be done', KS Krishna, General Secretary, State Bank of India Employees Union, has written a letter to the Deputy Managing Director (HR) of the bank. In the letter, he has said that attempts to circumvent these norms cannot be accepted.

SBI had informed the exchanges on August 8. In this it was stated on behalf of the bank that it has formed a wholly owned subsidiary SBOSS with a capital investment of Rs 10 crore to provide support services and business correspondent activities to the Bank's branches and Retail Property Credit Centers (RACCs) in rural and semi-urban areas. is established.

S Krishna said that the work like transaction processing / loan distribution of the bank is given to the permanent and accountable people in the branches of the bank. The main objective is to ensure the security and confidentiality of the bank. Outsourcing cannot be done for these tasks. If this work will be done through outsourcing then there is a danger. Be it deposits or loan processing, they need to be handled properly and safely.


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