Nation Current Affairs 12 May 2017 Traders threat to bo ...

Traders threat to boycott SBI due to charges

DECCAN CHRONICLE.
Published May 12, 2017, 4:32 am IST
Updated May 12, 2017, 4:32 am IST
The chamber also stated that the government should facilitate the e-payment of taxes through other banks in the state.
If the government fails to take steps to include other banks for the e-payment the traders will not pay taxes as a mark of protest, the two leaders said.
 If the government fails to take steps to include other banks for the e-payment the traders will not pay taxes as a mark of protest, the two leaders said.

Kochi: A section of traders in the state has threatened to boycott the SBI for its decision to impose service charges for most banking operations.

SBI has been engaged in imposing service charges for most services with the sole intention of improving its income, said Kerala Merchants Chamber of Commerce president V.M. Yousuf and general secretary K.M. Mohammed Sageer.

 

The chamber also stated that the government should facilitate the e-payment of taxes through other banks in the state. The merger of SBT with SBI has resulted in SBI alone becoming a payment gateway for e-payment of taxes for traders, they said. This is unacceptable as SBI is extracting services charges for e-payment, they added.

If the government fails to take steps to include other banks for the e-payment the traders will not pay taxes as a mark of protest, the two leaders said.

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