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
Let justice, not politics determine Salakae’s fate

“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...

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