National assets are being sold at valuations that deserve serious scrutiny. IDBI Bank earned ₹48,000 crore in profits over five years, while its sale is valued at around ₹53,000 crore. The government must answer .... is this justified ??
IDBI Bank is a national asset, not just a business to be sold. “Selling the family silver” must never come at the cost of national interest, financial stability and employee security. Protect public interest, safeguard employees’ rights. Stop Sale immediately.
#IDBINotForSale
I hope and trust every banker should oppose this autocratic move of govt ... Govt should listen and make this agenda of their next meeting #IDBINotForSale#IDBINotForSell
Banks are not just assets. Employees are not just numbers. Public trust is not for sale.
Don't sell control of IDBI to private ownership.
@FinMinIndia#IDBINotForSale
IDBI Bank sep 26 financial results.
Total business 6.27 lakh cr YOY increase 18 pc
Total deposit 3.55 lakh cr YOY increase 17 pc
Casa share 43.82 pc one of the highest in industry.
YOY CASA growth 12 pc
Net advance 2.72 lakh cr YOY increase 18 pc
RAM share in total advance 69 pc .
Cost of deposit 4.55 pc down 14 basis points year on year.
Cost of deposit one of the lowest.
Yield on advance 8.79 pc improved 33 basis points quarter to quarter.
Other income increased 31 pc YOY .
Net interest income increased 29 pc year on year again one of the best.
NIM 4.11 pc one of the few bank with above 4 pc NIM and it has improved by 40 basis points year on year and 50 basis points quarter to quarter.
Cost to income ratio 48.17 pc improved by 385 basis points quarter to quarter.
ROA 1.83 pc one of the highest among SCB .
CRAR 27.10 pc YOY improved by 171 basis points.
Tier 1 capital 26.55 pc one of the highest among all SCB .
Year on year improved by 276 basis points.
There is absolutely zero logic in sale of such a high performing profitable bank.
@DFS_India@SecyDIPAM
Operating profit 2893 cr
QoQ increase 33 pc .
In sep 25 quarter there was one off gain of 1699 cr in NSDL stake sale minus that YOY operating profit increase is 59 pc .
Net profit 2205 cr YOY increase of 4 pc reason there was a provision write back of 654 cr in sep 25 quarter.
GNPA 2.12 pc improved by 53 basis points year on year.
NNPA. .17 pc improved by 4 basis points year on year.
PCR 99.44 pc .
Bank Union 'AIBOA' Raises serious Irregularities wrt #IDBIBank Valuation.
- Minimum Share price should be ₹133/Share, but sold at ₹81/Share, 40% Lower Valuation.
- Bank have ₹30,000 Crore of Real Estate Properties (market rate) while valuation done at ₹8,800 Crore.
- They demand CAG Audit.
Compromised sarkar नहीं बता रही कि खरीदने वाले 4 लोग कौन हैं।
IDBI की रिजर्व प्राइस कैसे 70 हज़ार करोड़ से गिरकर 53 हज़ार करोड़ रह गई।
यह भी नहीं बताया कि बैंक की फिक्स्ड संपत्तियों की कीमत 30 हज़ार करोड़ से कम करवाकर 8800 करोड़ कैसे हुई
#IDBIBank#idbinotforsell
Privatization of IDBI Bank will finish Reservation on 12,000 future vacancies. Bold decision or Miss-timed before UP & Punjab Elections which are reservation sensitive states
#IDBINotForSell#idbinotforsale
#StopIDBIDisinvestment
IDBI Bank is not just an asset to be sold; it is a public institution built on the trust and hard work of generations. Selling it off risks putting private interests ahead of public welfare. Stop the sale of IDBI Bank!
#IDBINotForSale#IDBINotForSell
🇮🇳 STOP THE IDBI BANK SALE! Demand that the Government of India halt the disinvestment process. Raise your voice and demand accountability. Our public assets, our voice—Save IDBI!
#idbinotforsale
Urge the Government to stop the IDBI Bank sale! Protect employees, customers, and financial inclusion. Public interest must come before disinvestment!
#StopIDBISale#SaveIDBI#idbinotforsale