Court asks SBI to debit money in favour of officers' bodies

In a contempt petition on which former State Bank of India (SBI) Chairman Pratip Choudhuri appeared before the Justice today, the Madras High Court has asked the bank to debit an amount to the Bank’s System Suspense Account and credit it in favour of the 14 circle associations of the SBI officers. The amount, which should have deducted by the Bank from its officers in September towards the subscription for the officers' association under the check off facility, has to be credited in the account of the associations in the 14 bank circles on or before October 15. The decision was taken by Justice N Kirubakaran, on a suggestion put forward by the Bank that it could pay the amount which the officers had to pay towards the association's subscription for last month from its suspense account and it would adjust the amount from the officers' salary for the month of October.

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