#WATCH | IDBI Bank Privatisation: Union Leader Questions Valuation, Warns Of Wider Bank Sell-Off
Devidas Tuljapurkar, convenor of the United Forum of Bank Unions, opposes IDBI Bank’s privatisation, questioning the valuation and the proposed sale to Fairfax Financial Holdings.
He argues that the bank’s assets warrant a higher valuation and warns that the sale could pave the way for further public-sector bank privatisations, including Central Bank of India and Indian Overseas Bank.
@PiyushS_07
#IDBIBank #BankPrivatisation #Banking #ETNOW
As an IDBI Bank employee, I demand job security and accountability. Forcing privatization puts our careers at risk and turns a public service into a corporate playground. We stand united against the sale! 🚫💼 @FinMinIndia@narendramodi#AIBOC#UFBU#AIBOA#IDBIBankIsNotForSale
Why privatise a highly profitable national asset? IDBI Bank reported a ₹9,513 crore net profit for FY26, with Gross NPAs dropping sharply to 2.32%. Taxpayers turned this bank around, yet it's being handed over to Fairfax. Stop this blunder! 🛑🏛️#StopPrivatization@FinMinIndia #AIBEA #AIBOA