Archive · 15 Sep 2025
Kolkata Protest: Civil Society Against SBI's GMU Shift
A group in Kolkata, called Bank Bachao Desh Bachao Manch (BBDBM), is upset because the State Bank of India (SBI) wants to move a big part of its business, the GMU, away from the city.
They worry this move will hurt Kolkata's economy, like losing money and jobs.
Over 200 people, including doctors and students, joined a protest to show SBI they disagree.
They say Kolkata has always been important for SBI's foreign business and fear the move is unfair and will harm the city's history.
A civil society forum protested SBI's decision to shift its Global Market Unit (GMU) out of Kolkata.
The Bank Bachao Desh Bachao Manch (BBDBM) organized the protest.
BBDBM claims the move will harm West Bengal's economy and Kolkata's banking role.
The relocation could deprive West Bengal of over Rs 65 crore in annual GST revenue.
Over 200 citizens participated in the demonstration.
- Who
- Bank Bachao Desh Bachao Manch (BBDBM) and over 200 citizens
- What
- Protested SBI's decision to shift its Global Market Unit (GMU) out of Kolkata
- When
- Monday
- Where
- Outside SBI's circle headquarters in Kolkata
- Why
- To oppose the relocation, which they believe will harm West Bengal's economy and Kolkata's banking role
Civil Society Forum
State Bank of India (Implied)
Impact on Economy
Civil Society Forum
Relocation will undermine West Bengal's economy and deprive it of significant revenue.
State Bank of India (Implied)
Not explicitly stated, but implied the relocation is necessary or beneficial for the bank.
Impact on Jobs
Civil Society Forum
The relocation will impact contractual employees
State Bank of India (Implied)
Not mentioned
- Event
- Protest against SBI's GMU relocation
- Organization Protested
- State Bank of India (SBI)
- Location of Protest
- Kolkata
- Protesting Group
- Bank Bachao Desh Bachao Manch (BBDBM)
- Reason for Protest
- Opposition to the relocation of SBI's GMU
- Participants
- Over 200 citizens
- Potential Revenue Loss
- Over Rs 65 crore annually
- Job Impact
- More than 70 contractual employees
