“Open offer remains a possibility” — the latest development on the proposed stake sale of IDBIBank raises serious concerns.
Why sell a bank that has transformed its performance and continues to create value?
IDBI Bank is a national asset, not a commodity for sale. The public interest must come first.
#DoNotSellIDBI
@RahulGandhi@AamAadmiParty@samajwadiparty@JanaSenaParty@ashwani_mahajan@SecyDIPAM@FFH_TO
#modi
https://t.co/6fobUh4GOU
LoP Shri @RahulGandhi met with a delegation of IDBI Bank employees in Parliament today. The delegation expressed their strong opposition to the government’s move to privatise IDBI.
During the meeting, the employees highlighted the assurance given by the BJP-led NDA government in 2003, which is clearly being disregarded. They also conveyed their concerns that selling a profitable public sector bank to private entities would adversely impact the nation, the general public, and the bank’s employees.
On 09.08.2024, I met the representatives of United Forum of IDBI Officers and Employees (@IdbiFor) who submitted a memorandum explaining the ill-effects of the proposed sale of 60% shareholding in IDBI bank by LIC and the Central Government to private entities.
#IDBI #Privatization #Banking
A study on Privatization was conducted in Mozambique 2013, it was found tht it had major effect on employment. As thr wer job cuts, low payless job security, inequality which is much better in PSU. It was concluded tht the PSU has vital role in providing decent work & equality
प्रॉफिटेबल बैंक विश्वसनीय और स्थिर आय का स्रोत होता है। बैंक बेचने से सरकार चल रहे मुनाफ़े और भविष्य की वृद्धि की संभावना को खो सकते हैं, जो दीर्घकालिक वित्तीय स्थिरता के लिए फायदेमंद हो सकता है।
सरकारी बैंकों की से राष्ट्र की आय है जिसे निजी हाथों में सौंपा जा रहा है।
#SaveIDBI
Public ownership & control of essential services, such as bank, healthcare & education, ensures that they r accessible to all, regardless of their ability to pay.
PSBs are delivering banking to each section of society #DoNotSellIDBI
Save Public Sector Bank #SaveIDBI@idesibanda
Reduced competition:Privatization of Govt banks in Europe has led to reduction in competition, as pvt banks may not willing to lend to small businses &othr low profitable custmr. study in UK found tht the concentration of banking assets increased following Privatisation of baking
#IDBInotForSALE
Govt. push to sell IDBI comes with concessions like tax breaks, waiving stamp duty, & reclassifying Govt shares. Bt public &LIC policy holders will bear loss of thr money, while only corporates stand to benefit
@idesibanda@ArunSFan@RBI@Bankers_We@ChairmanIba
Surprised to learn that Govt is considering diluting it’s stake in IDBI Bank to below 51%
This amounts to privatising the bank through backdoor & can put several jobs at risk
In 2003,then FM assured Rajya Sabha that Govt will not alter its shareholding w/o Parliamentary nod
@ahmedpatel Sir we joined this bank after clearing IBPS one of the most tough exam for getting job in public sector banks and now this is what happening with us please save us by taking any action in favour of us..
भारत के बैंकिंग इतिहास में आर्थिक विकास के लिए निजी बैंकों को राष्ट्रीयकृत किया गया है, परन्तु आज पूंजीपतियों को लाभांवित करने और ₹.55000 करोड़ के एनपीए कर्ज माफी के लिए मोदी सरकार idbi बैंक की अपनी हिस्सेदारी को बेचकर राष्ट्रीयकृत बैंकों के निजीकरण का दरवाजा खोल रही है।
@SyedZps Stake sale of IDBI Bank will neither solve the issues of NPA nor in other Banks NPA assets will come down...the Govt. should take strong steps in recovering NPA from big corporate borrowers. Escaping from the problem is never a solution.