Will Fairfax Use IDBI Bank’s Funds to acquire Go Digit General Insurance, Go Digit Life Insurance and IIFL Capital? Understand the controversy 👇
https://t.co/G78MeRjGZH
Will Fairfax Use IDBI Bank’s Funds to acquire Go Digit General Insurance, Go Digit Life Insurance and IIFL Capital? Understand the controversy 👇
https://t.co/G78MeRjGZH
IDBI sold at 1.56x book → HDFC Bank trades at ~2.0x → at HDFC’s multiple the stake is worth ~₹67,700 crore against ₹52,878 crore. A gap of nearly ₹14,800 crore on a healthier bank. #RollBackIDBISale@idesibanda
🚩 IDBI BANK IS NOT A LOSS-MAKING BURDEN – IT IS A FINANCIALLY STRONG INSTITUTION!
With a strong capital adequacy ratio, negligible net NPA and consistent profitability, IDBI Bank has demonstrated its strength through numbers.
Then why sell an institution built with public money and strengthened by the dedication of its employees?
Our message to the Government is clear:
Don't reward hard work with privatisation.
Don't sacrifice public interest for private profit.
Don't sell our institution – protect its legacy!
✊ IDBI BANK IS NOT FOR SALE!
Public Ke Liye IDBI Bank!
Profit Ke Liye Private Bank!
#RollBackIDBISale #IDBINotForSale #SaveIDBI #StopPrivatisation #BankBachaoDeshBachao
@DFS_India@PMOIndia@FinMinIndia@SecyDIPAM@rashtrapatibhvn
📊 IDBI BANK'S LAST 5 YEARS OF PROFIT – THE NUMBERS SPEAK FOR THEMSELVES!
Look at the remarkable financial turnaround of IDBI Bank:
Net Profit (₹ Crore)
🔹 FY 2021-22: ₹2,439 Crore
🔹 FY 2022-23: ₹3,645 Crore
🔹 FY 2023-24: ₹5,634 Crore
🔹 FY 2024-25: ₹7,515 Crore
🔹 FY 2025-26: ₹9,513 Crore
📈 From ₹2,439 crore to ₹9,513 crore in just five years!
IDBI Bank has nearly quadrupled its annual net profit through the dedication, commitment and hard work of its employees.
When a bank is consistently growing its profits, why should it be privatised?
The employees who transformed this institution deserve recognition, security and respect – not uncertainty over their future.
We demand:
✊ Stop IDBI Bank Privatisation!
✊ Protect Public Sector Banking!
✊ Protect Employees' Future!
✊ Keep IDBI Bank in the Public Sector!
A PROFITABLE PUBLIC BANK IS AN ASSET, NOT A COMMODITY FOR SALE!
#IDBINotForSale #RollBackIDBISale #SaveIDBI #StopPrivatisation #BankBachaoDeshBachao