Madras High Court stops SBI’s move to withdraw check-off facility

The Madras High Court on Thursday stopped India's largest bank State Bank of IndiaBSE 1.14 % from discontinuing what is called the "checkoff facility," an arrangement that gives its trade union easy access to the subscription fee paid by its officer members.  SBI's move to discontinue the check-off facility, effected during the term of its just-retired chairman Pratip Chaudhuri, was seen as a way to quell trade union activities. The High Court verdict was closely watched as an order supporting the axing of the facility could have made similar trade union arrangements elsewhere vulnerable. 

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