Bank of Maharashtra Unions Seek Clarification on Merger Speculations

In their communication, the unions highlighted that BoM has consistently demonstrated outstanding operational efficiency, credit growth, and commitment to financial inclusion. The bank’s achievements have been recognised through multiple awards and its pivotal role in supporting the socio-economic framework of Maharashtra. The letter also mentioned the Finance Minister’s participation in the bank’s Foundation Day celebrations, acknowledging her appreciation for the institution’s progress.

Institutional Excellence and Independence
The unions emphasised that the BoM’s success reflects the strength of governance, regional connect, and institutional excellence. They argued that a well-managed, medium-sized bank can effectively contribute to national financial goals when allowed to operate independently. The letter asserted that the bank’s achievements over nine decades have been built on sustained growth, innovation, and nation-building efforts.

Appeal for Official Clarification
The employee bodies requested the Finance Minister’s intervention in directing concerned authorities to issue a formal clarification denying the merger-related reports. According to the letter, such a clarification would help restore stakeholder confidence and enable the bank to continue its journey as an independent entity dedicated to serving the Indian economy.

Commitment to National Vision
Concluding their appeal, the unions reaffirmed their commitment to the vision of a strong, inclusive, and resilient Indian economy. They assured their continued contribution toward strengthening the banking sector and supporting India’s financial stability.

The joint representation by BoM’s unions underscores the employees’ confidence in the bank’s independent growth trajectory. By seeking clarity on the merger speculation, the unions aim to protect stakeholder interests and reaffirm their commitment to national development through responsible banking.