Lord Krishna Bank resume operations

Mumbai, Oct 25: Lord Krishna Bank (LKB) today announced that employees at all its branches have resumed work. The Bank's branches are wholly operational at full strength all over India including Kerala.

In a statement here, the Managing Director and CEO of Lord Krishna Bank, Mr B Swaminathan said, ''I am glad that all employees have resumed work. We understand that the bank's customers in Kerala have been inconvenienced by the recent strike. We will strive to provide our customers with the same service levels that they have been used to in the past. The proposed merger is in the best interests of all the stake holders, i.e. employees, customers and shareholders as all would greatly benefit from being part of a larger, rapidly growing bank. The Bank is fully committed to look after employees' interest, which was one of the key considerations of the merger. The management stands committed to the one time increment to all existing employees of Lord Krishna Bank that was announced earlier.''

In the recent past the employees of Lord Krishna Bank in Kerala were on strike protesting against the proposed merger of Lord Krishna Bank and Centurion Bank of Punjab. The management of the bank subsequently held discussions with the striking employees in order to get them to resume their duties, reiterating the assurance that had been made in the scheme of amalgamation that there will be no retrenchment of staff and there will be no closure of any rural branches.

Following the dialogue both sides have resolved their differences amicably and the employees have resumed operations in full force.

UNI