Bank SBI closure catches workers by surprise

Closing doors: Bank SBI is India's largest state-owned government PIC: MONEYCONTROL.COM
Closing doors: Bank SBI is India's largest state-owned government PIC: MONEYCONTROL.COM

About 15 Bank SBI Botswana employees will soon be jobless following the bank's decision to voluntarily close operations in Botswana.

Mmegi has established that the bank staff learnt about the developments a few days ago. The bank, established in Botswana in 2013, recently notified the Bank of Botswana that it would surrender its banking licence with effect from 30 June 2021.

A decision was reportedly reached to transfer clients’ accounts to Bank of Baroda.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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