Thank you @RahulGandhi Ji You are a true patriot and a true leader who is supporting us in our efforts to save the country's wealth.
#StandWithIDBI@INCIndia
A BusinessWorld investigation based on internal government minutes raises disturbing questions about the IDBI Bank sale to Fairfax for ₹52,878 crore.
Fairfax’s initial bid of ₹75 per share was below the confidential reserve price of ₹94.42.
So what did the government do?
Changed the valuation methodology, invited revised bids from only two shortlisted entities and accepted Fairfax’s revised offer of ₹81 — still well below the original reserve price.
Crucial questions emerge:
❓Why weren't fresh bidders invited after the rules changed?
❓On what legal basis was the bidding process altered?
❓Why is the identity of the other bidder, rejected by the Home Ministry on national security grounds, being withheld?
❓And above all, why was the government in such a hurry to sell?
🔔Remember, LIC had pumped ₹21,624 crore of public money into rescuing IDBI Bank in 2019🔔
When public money rescues a bank, who gets to decide how it is sold, on what terms, and at whose cost?
Share via: https://t.co/UTwn9Eq4ZX Crony Footprints All Over IDBI Bank Sale https://t.co/ZQSslbcFsg via @thewire_In
कांग्रेस के समय में IDBI बना - देश का उद्योग खड़ा करने के लिए।
मोदी के समय में पहले बोली देखी गई, फिर दाम तय हुआ।
कांग्रेस के time पे बैंक बनते थे। मोदी के time में बिकते हैं।
मैं IDBI बैंक के कर्मचारियों के साथ खड़ा हूँ।
Thank You, @ravish_journo Ji!
For raising your voice against the privatisation of IDBI Bank and standing up for public-sector banking.
IDBI Bank is not just an asset—it represents public trust, employees’ livelihoods, and the interests of millions of Indians.
Your voice strengthens our fight. Our gratitude for standing with IDBI!
#StandWithIDBI
IDBI Bank is part of India's banking legacy. Its contribution to industrial development, institutional finance and the evolution of the banking sector deserves serious consideration.
A decision affecting its future must consider more than the sale price—it must also consider long-term public interest.
Respect the legacy. Protect the public interest.
#StandWithIDBI #IDBINotForSell #SaveIDBIBank
Today, the question is about IDBI Bank. Tomorrow, the future of other Public Sector Banks may also become a concern.
Public banking is essential for financial inclusion, rural development, farmers, MSMEs and millions of ordinary citizens.
Protect IDBI today. Protect public banking for tomorrow!
#StandWithIDBI
#StandWithIDBI #SaveIDBI #BankBachaoDeshBachao
62 marks- Rejected
1 marks- Selected
This is how we hire teachers. Who'll suffer most?
Rich kids go to private schools where teachers are hired on merit
Poor kids go to govt school where 0 marks teachers are being hired
Gross injustice to poor kids hoping for better future.