All India IDBI Officers' Association

An awareness initiative run by United Forum of IDBI Officers and Employees.

We oppose privatization.

#StopPrivatization

[All India IDBI Officer's Association @saveidbibank64]

#IDBISaleScam

History has witnessed some of India's biggest financial scandals. Will the IDBI Bank sale become another chapter in that history?

A national asset deserves transparency, not unanswered questions.

Demand accountability. Demand a JPC probe!
@palakshahjourno @suchetadalal

[All India IDBI Officer's Association @saveidbibank64]

BLACK BADGE DAY | 11.11.2026 | KADAPA

We strongly oppose the proposed sale of IDBI Bank (a National Asset), to Fairfax, a Canada-based foreign private company.

Our black badges represent our resistance, unity and determination to protect IDBI Bank.
#IDBISaleScam
@nsitharaman @RahulGandhi @SecyDIPAM

[All India IDBI Officer's Association @saveidbibank64]

BLACK BADGE DAY | 11.11.2026 | HYDERABAD

We strongly oppose the proposed sale of IDBI Bank (a National Asset), to Fairfax, a Canada-based foreign private company.

Our black badges represent our resistance, unity and determination to protect IDBI Bank.
#IDBISaleScam

[All India IDBI Officers' Association @IdbiFor]

Black Badge Wearing Day against Privatization Foreignisation of IDBU bank. Reconsider decision of Privatization of IDBI Bank

#IDBISaleScam

[All India IDBI Officers' Association @IdbiFor]

Today All India IDBI Officers' Association 8s observing Black Badge Wearing Day against Privatization of IDBI Bank
#IDBISaleScam
#Hyderabad

[CH VENKATACHALAM @ChVenkatachalam]

#AIBEA Letter to Dr. Soumya Kanti Ghosh, Part-Time Member, Prime Minister’s Economic Advisory Council

@DFS_India @PMOIndia @FinMinIndia

[AIBEA: All India Bank Employees' Association @AIBEAofficial]

#AIBEA Letter to Dr. Soumya Kanti Ghosh, Part-Time Member, Prime Minister’s Economic Advisory Council (1/2)

[IDBI Bank Officer's Association-BIHAR & JHARKHAND @AIIDBIOA_BIHAR]

🚨 A STEP FORWARD IN THE FIGHT TO SAVE IDBI BANK! 🚨

The extension of the CLC conciliation meeting involving DIPAM and DFS must be seen as an opportunity for meaningful dialogue.

Our message to the Government is clear:

✊ Employees' voices cannot be ignored.
✊ Workers' concerns deserve serious consideration.
✊ Public interest must prevail over private interests.
✊ IDBI Bank must continue as a Public Sector Bank (PSB).

A conciliation process must deliver meaningful engagement, not merely formal discussions.

We demand the withdrawal of IDBI Bank's privatisation decision and retention of at least 51% Government ownership.

The hard work of thousands of employees has transformed IDBI Bank. Their future and the future of public banking cannot be put at stake.

VACHAN RAKHIYE, 51% RAKHIYE!

IDBI BANK IS NOT FOR SALE!

#SaveIDBI #IDBINotForSale #StopPrivatisation #StandWithIDBI #BankBachaoDeshBachao #PublicSectorBanks
#RollBackIDBISale
@SecyDIPAM @DFS_India @FinMinIndi mia

[All India IDBI Officer's Association @saveidbibank64]

It's Time to EXPOSE THE SCAM!
The truth must come out. The people deserve answers. A national asset cannot be sold at a throwaway price at the cost of public interest.
Expose the Deal. Question the Valuation. Demand Accountability.
#IDBISaleScam
@suchetadalal @Subhashgarg1960 @ravish_journo @palakshahjourno

[All India IDBI Officer's Association @saveidbibank64]

Vote Chori-Exposed!
It's time to expose-Bank Chori..
₹54,224 crore valuation gap!
IDBI Bank is a National Asset. For whose benefit is it being sold at such a throwaway price to a Canada-based foreign company? Who will answer for this loss to the nation?
#IDBISaleScam
@abhijeet_dipke @dhruv_rathee @neha_aisa

[All India IDBI Officer's Association @saveidbibank64]

As a responsible citizen of India, what is your stand on the proposed strategic sale of IDBI Bank to a foreign company?

[All India IDBI Officers' Association @IdbiFor]

फर्क साफ है, पर नियत नहीं।

सारे उदाहरण हाल ही में हुए ट्रांजैक्शंस के है । पारदर्शी कही जाने वाली डील में कुछ भी पारदर्शी नहीं है। देश के साथ हो रही बैंक की चोरी देखी जा रही है जवाबदारी निर्धारित होना चाहिए।

#IDBISaleScam

Diffrence is clear but intentions not....

All examples are from recent transactions. There is nothing transparent about the supposedly transparent deals. The country is witnessing a bank robbery and accountability must be fixed.

@RahulGandhi @INCIndia @MSJEGOI @samajwadiparty @AamAadmiParty @Subhashgarg1960 @TheEconomist

[Economic Times @EconomicTimes]

#LeadStoryOnET | Nirmal Jain's fin co may end hunt with ₹5K cr Blackstone deal https://t.co/JJmXRYlNaf

[Economic Times @EconomicTimes]

#LeadStoryOnET | Nirmal Jain's fin co may end hunt with ₹5K cr Blackstone deal https://t.co/JJmXRYlNaf

[All India IDBI Officers' Association @IdbiFor]

@SecyDIPAM Your actions contradict your assurances @DFS_India . IDBI employees were forced to sit on a hunger strike just to have their concerns heard, yet no one from DIPAM came forward for dialogue.
Even the conciliation process continues to drag on, creating an impression that employees and citizens are being misled.

If employees cannot even get an opportunity to be heard, how can they trust your assurances?

@INCIndia Attempts are being made to postpone the conciliation meeting again and again so that the country and the employees can be cheated. LoP Shri @RahulGandhi ji Please take cognizance of the matter and protect our country's property and the rights of our employees.

[businessline @businessline]

IDBI Bank employees and pensioners have “nothing to fear” from the proposed ₹52,878-crore sale to Fairfax Financial Holdings, DIPAM secretary Arunish Chawla said, assuring staff that service conditions and pension commitments would remain protected.

https://t.co/4rsNeuwJkf

[All India IDBI Officer's Association @saveidbibank64]

Hon’ble Shri Ramdas Athawale ji, kindly intervene to STOP THE PROPOSED STRATEGIC SALE OF IDBI BANK and protect the service conditions, reservation rights and statutory benefits of 884 PwD employees.
@RamdasAthawale
@MSJEGOI
@socialpwds
#IDBISaleScam

[AnuragChandraa @AnuragChandraa]

Ye jawab un logon ke liye hai jo kehte hain "ab kya rona, deal ho gayi". Price sarkar ke apne reserve se bhi kam hai, aur suraksha ka kagaz abhi tak public nahi hai. Facts padhiye, phir faisla kijiye 👇

With all respect, the goalposts never moved. There were three from day one: the 51% assurance given in Parliament in 2003, a transparent valuation, and written protection for employees.

Let me be upfront so nobody calls it a smokescreen. Yes, I oppose handing over control of a profitable public bank. But even a die-hard supporter of privatisation should want the best price and full disclosure when janta ka paisa is being sold.

𝗣𝗥𝗜𝗖𝗘: 𝗦𝗔𝗥𝗞𝗔𝗥 𝗞𝗔 𝗔𝗣𝗡𝗔 𝗡𝗨𝗠𝗕𝗘𝗥

The government's own first round reserve price was Rs 94.42 a share, and DIPAM says it was never changed. The sale went through at Rs 81, roughly Rs 8,760 crore below the government's own floor for this stake.

Against the market, Rs 81 was about 10% below the previous close of Rs 90.40, roughly Rs 6,100 crore less than the stake's market value that day. And the goverment's own note says the market price was disregarded. Whoever buys control normally pays a premium, he doesn't get a discount.

"No other buyer came forward" isn't the full picture either. By the government's own account there were five EoIs and two final sealed bids.

𝗜𝗗𝗕𝗜 𝗕𝗔𝗔𝗦𝗜 𝗦𝗔𝗕𝗭𝗜 𝗡𝗔𝗛𝗜 𝗛𝗔𝗜

We are told that without this price the four year exercise would have to restart. Every sabziwala cuts his rate late at night because his stock will rot by morning. That is a distressed seller.

IDBI doesn't rot, it earns. Profit has grown every year since it came out of the red:
FY21 Rs 1,359 cr → FY22 Rs 2,439 cr → FY23 Rs 3,645 cr → FY24 Rs 5,634 cr → FY25 Rs 7,515 cr → FY26 Rs 9,513 cr (record)

About Rs 30,000 crore in six years, and the government's share alone is roughly Rs 9,200 crore. In FY26 each employee handled about Rs 31 crore of business and earned the bank about Rs 50 lakh of profit.

With net NPA at 0.15% and provision coverage above 99%, old bad loans are already provided for, and every rupee recovered from written-off accounts goes straight into profit. The public paid for the cleaning. The buyer gets the harvest.

Four years spent is sunk cost, not a reason to sell cheap. When the seller says in public that restarting is futile and another buyer is "very, very remote", he has told every grahak he cannot walk away. As reported by Businessworld, the buyer had written that it would withdraw if asked to raise its bid. Ek kehta hai main chala jaunga, doosra kehta hai mere paas koi aur nahi. In that mol-bhaav the price isn't discovered, it is dictated.

𝗙𝗢𝗥𝗘𝗜𝗚𝗡 𝗣𝗢𝗜𝗡𝗧 𝗣𝗔𝗥 𝗦𝗔𝗛𝗠𝗔𝗧 𝗛𝗨

East India Company comparisons are unfair, and Mr Watsa's journey from Hyderabad deserves respect. But not one rupee of the $5.5 billion goes into the bank. What matters is not anyone's birthplace but the buyer's track record, and that we can read at CSB Bank.

After Fairfax took 51% in 2018, CSB walked out of the industry wage mandate. The 11th and 12th Bipartite Settlements are still not implemented there. A VRS for staff above 50 came in 2021. At least 13 of the 15 senior leaders on its website came from outside. Median male salary at CSB in FY26 was about Rs 4.3 lakh a year, against about Rs 20 lakh at IDBI in FY25. And 51.5% of IDBI's staff are from SC, ST, OBC and EWS categories (March 2025).

That is data, not emotion.

𝗠𝗔𝗔𝗡𝗚

If the bank must be sold at this price, show the valuation reports and the SPA. If the rest is too sacrosanct for the public, at least show employees their own clause: IBA wage mandate, reservation roster, pension, for how long and in what words.

The 34% that the government and LIC still hold is public money too.

#IDBINOTFORSALE

[All India IDBI Officers' Association @IdbiFor]

#IDBISaleScam

[All India IDBI Officer's Association @saveidbibank64]

Respected @roat_mla Ji, please raise your voice in Parliament and on social media against the proposed sale of IDBI Bank to a foreign company at a throwaway price. The reservation safeguards and future of 10,772 SC/ST/OBC/PWD employees are at stake.

Please stand for social justice and constitutional rights!
@BAP12INDIA
#IDBISaleScam

[All India IDBI Officer's Association @saveidbibank64]

Respected @roat_mla Ji, please raise your voice in Parliament and on social media against the proposed sale of IDBI Bank to a foreign company at a throwaway price. The reservation safeguards and future of 10,772 SC/ST/OBC/PWD employees are at stake.

Please stand for social justice and constitutional rights!
@BAP12INDIA
#IDBISaleScam

[All India IDBI Officers' Association @IdbiFor]

Open quetion to @SecyDIPAM Q. No.4

Strategic disinvestment can't be a secret disinvestment. Please keep the details in an open forum for public scrutiny.

#IDBISaleScam

@palakshahjourno @suchetadalal
@ravish_journo @palkisu @Subhashgarg1960 @RahulGandhi @abhijeet_dipke @dhruv_rathee

[All India IDBI Officer's Association @saveidbibank64]

Open quetion to DIPAM https://t.co/2Jn3kuev6p.4
@SecyDIPAM
Strategic disinvestment can't be a secret disinvestment. Please keep the details in an open forum for public scrutiny..
#IDBISaleScam
@palakshahjourno @suchetadalal
@ravish_journo @palkisu @Subhashgarg1960 @RahulGandhi @abhijeet_dipke @dhruv_rathee

[All India IDBI Officer's Association @saveidbibank64]

We sincerely appeal to raise your voice against the proposed sale of IDBI Bank to a foreign company at a throwaway price..
@abhijeet_dipke
@Cockroachisback
@CJP_for_India
#IDBISaleScam