
In a meeting led by Rajya Sabha MP Anil Baluni, officials of the Nainital Bank Officers Association discussed the demand for merger with the Minister of State for Finance, Bhagwat Karad.

Background of Nainital Bank
Established in 1922, Nainital Bank is a scheduled commercial bank intricately linked to the development of the Uttarakhand state for over a century. Currently, it operates as a subsidiary of Bank of Baroda, with a substantial 98.57% ownership.
Importance of Nainital Bank in Uttarakhand’s Economic Progress

Nainital Bank, through nearly 100 branches, has been a crucial channel for delivering central and state government schemes to the people of Uttarakhand. If the merger with Bank of Baroda materializes, Uttarakhand stands to gain significant advantages.
Benefits of Merger
- Financial Benefits: The merger is expected to provide Uttarakhand residents with loans at lower interest rates, ensuring economic security.
- Broader Access to Government Schemes: The integration with Bank of Baroda is anticipated to enhance the accessibility of various government schemes for the people of Uttarakhand.
- Employee Welfare: The future of Nainital Bank employees would be safeguarded through the merger, ensuring job security and well-being.
Association’s Perspective
Chandr Shekhar Kanyal, the President of the Association, emphasized the need to consider employee welfare in the decision-making process. The association, represented by key members like Piyush, Rupal Pandey, Hem Joshi, Praveen Rawat, Chandramohan Rawat, Iti Mishra, Hemant Pandey, and Navroz, seeks the appropriate course of action from the representative body.
Assurance from Minister Karad
Finance Minister Karad assured the representative body that the concerns and demands presented would be duly considered by the decision-making body.
We want merger