Bank of Maharashtra staff federation seeks FM clarification on SBI merger speculations

The Bank of Maharashtra employees & officers federation has written to Finance Minister Nirmala Sitharaman regarding recent media reports suggesting a possible merger of Bank of Maharashtra with the State Bank of India, citing unnamed government sources.

The reports have created uncertainty and concern among the bank’s employees, customers, and investors.

In their letter, the federation stated, “Bank of Maharashtra has consistently delivered outstanding performance across key parameters in the banking sector. It continues to be a front-runner in operational efficiency, credit growth, and financial inclusion. The Bank has been honoured with numerous prestigious awards, recognising its significant contributions to the industry.”

The federation also highlighted the bank’s vital position in Maharashtra’s socio-economic fabric, “serving as a financial lifeline for millions across the state through its strong regional presence and deep-rooted community connect.” They recalled the Finance Minister’s presence at the Bank’s Foundation Day celebrations in 2024 and 2025 and her “gracious words of appreciation” as a source of inspiration.

The employees requested the government to issue an official clarification refuting the merger-related media reports, noting that it would restore stakeholder confidence and allow the bank to continue its independent journey of sustained growth, innovation, and nation-building.

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