The United Forum of IDBI Officers and Employees has strongly opposed this move, calling it not just privatisation but also “foreignisation” of a strategically important Indian bank.
Concerns of employees:
IDBI Bank has turned around and is consistently profitable — public money and employee efforts revived it.
In 2003, Parliament was assured that the Government’s stake would not go below 51%. This decision goes against that assurance.
Risks to existing service conditions, pension benefits, and reservation policies for SC/ST/OBC employees.
Transfer of control of an institution that handles large public deposits and supports financial inclusion to a foreign entity.
Employees have announced a nationwide two-day hunger strike on 2 & 3 November 2026.
IDBI Bank belongs to the nation and its people — not for sale to foreign private interests.
#IDBINotForSale #SaveIDBI #StopPrivatisation
Today in Mumbai iconic azad maidan IDBI employees will be on peaceful dharana to save IDBI being privatised .they are fighting lonely battle while other public sector banks employees are watching from sideline for their number to come .
This government will not stop at IDBI .there will be few more .
While public sector banks should have been closed by employees for days to fight against privatisation of IDBI but unfortunately this is not happening.
I appeal those in Mumbai to participate in large numbers from 9.30 AM in this dharana .
IDBI Bank में सरकार और LIC बनेंगे पब्लिक इन्वेस्टर, सचिव ने दिया बड़ा अपडेट; भारत में जन्मा विदेशी अरबपति नया मालिक - idbi bank sale govt lic to become public shareholders https://t.co/7Q16EtJovH
#IDBIBankIsNotForSale
If not now, then never! All banker colleagues, please step forward and come together to strongly oppose the privatisation of IDBI Bank.
Today it is IDBI Bank's turn; tomorrow it could be any other public sector bank.
Therefore, we must stand united to stop this decision of the government!!!!
#SaveIDBI
#SavePSBs
#SaveIDBIBank
#IDBINotForSale
#StopPrivatisation
@DFS_India@PMOIndia@FinMinIndia@rashtrapatibhvn@RBI
🚨 SAVE IDBI BANK | RETAIN 51% 🇮🇳
Tom 9:30 AM onwards, will hold a peaceful dharna at Azad Maidan, Mumbai
clear: Honour the 2003 assurance to Parliament. Retain the Government’s 51% stake in IDBI BankKEEP THE PROMISE. RETAIN 51%
#SaveIDBIBank#Retain51Percent#IDBIBank