Samosa_Coffee

Proud Indian

[Va Ba @Vabaxfintech]

Employees & pensioners are fully protected. Service conditions of existing employees cannot be altered to their disadvantage after restructuring. This does not happen automatically #IDBI #IDBIBank #IDBINotForSale @saveidbibank64 @SecyDIPAM

[Samosa_Coffee @kheloind]

@idesibanda @idesibanda You again missed the point.

The aim is to build large Indian global banks that can compete with global giants, and not to prioritise government ownership over global competitiveness.

[Va Ba @Vabaxfintech]

Finally, someone who's just giving us the facts!
#IDBI #IDBINotForSell #IDBIBank #BankPrivatisation @ravish_journo

[FinAware | Money Made Simple @finaware3]

#IDBI #IDBIBank #BankPrivatisation #IDBINotForSale #FactsOverNarratives @ravish_journo

[Va Ba @Vabaxfintech]

@SaiVaniKolli @DFS_India @PMOIndia @nsitharaman @nsitharamanoffc @AIBEAofficial Employees & pensioners are fully protected.
Service conditions of existing employees cannot be altered to their disadvantage after restructuring. This does not happen automatically #IDBI #IDBIBank

[Va Ba @Vabaxfintech]

@saveidbibank64 @SecyDIPAM @nsitharaman @nsitharamanoffc Employees & pensioners are fully protected.
Service conditions of existing employees cannot be altered to their disadvantage after restructuring. This does not happen automatically #IDBI #IDBIBank

[Samosa_Coffee @kheloind]

@PSBPunch Officals are the ones we trust, not the handles like you, who operate without any credibility.

[Samosa_Coffee @kheloind]

@saveidbibank64 Dear @saveidbibank64
Ravish ji himself worked all his life tirelessly for private news chanel, earned millions and now giving gyan against privatisation is nothing but absolute hypocrisy.
The time is ripe for India to continuously strive for bold reforms to reach Viksit Bharat.

[Samosa_Coffee @kheloind]

@PSBPunch I'm someone who likes Samosa, Coffee with a pinch of facts.

[Samosa_Coffee @kheloind]

@kanalmedia23 Everyone wants faster, safer and efficient banking solutions. But when ever govt moves in this direction, the chanels like @kanalmedia23 create unnecessary hindrances.
We have come long way but We have to go Miles.
Reform Mantra will will unleash the competitive forces.
Indian🇮🇳

[Samosa_Coffee @kheloind]

@EconomicTimes Historic deal in the financial and banking sector in India🇮🇳

[Samosa_Coffee @kheloind]

@truthputhn When it suits you, you use X (formerly Twitter), a privately owned platform, to spread your false narrative. Yet you oppose private-sector wealth creation. This hypocrisy is glaring, and you stand exposed.

#exposedguy @truthputhn

[PIB India @PIB_India]

🏦 The Cabinet Committee on Economic Affairs (CCEA) has approved the strategic restructuring of #IDBIBank Ltd.

🤝 M/s 10955230 Canada Inc. (parent entity M/s Fairfax Financial Holdings Ltd.) has been approved as the Strategic Buyer for IDBI Bank Ltd.

📈 It will be the largest FDI in the financial sector of our economy so far, and will help generate a positive sentiment for economic reforms, while improving the investment climate in the country at large.

❓ What are the key details of the transaction? How was the valuation determined? What are the next steps and expected implications?

📑 The FAQs address these questions and more.

🔗 Read the FAQs here: https://t.co/FyRnX5khpv

@FinMinIndia @IDBI_Bank

[PIB India @PIB_India]

🔰Government Approves Strategic Restructuring of IDBI Bank Ltd.

▪️ The Cabinet Committee on Economic Affairs (#CCEA) approved strategic restructuring of the #IDBI Bank Ltd., and in compliance thereof, it was decided that an aggregate 60.72% of the equity stake in the IDBI Bank Ltd be sold to a Strategic Buyer, of which, the GoI share would be 30.48% and the LIC share would be 30.24%, leaving a residual shareholding of 15% with the GoI and 19% with the LIC.

▪️The Preliminary Information Memorandum (PIM) inviting Expression of Interest (EoI) from all interested parties was issued on 07.10.2022. Only the parties found ‘Fit and Proper’ by the RBI and granted security clearance by the MHA could participate in the bidding stage, for which a Request for Proposal was issued for inviting technical and financial bids from the Qualified Interested Parties (QIPs).

▪️ The successful bidder will be required to present its credentials to the Reserve Bank of India in accordance with the Fit and Proper Assessment conducted at the EoI stage and submit its roadmap for the compliance of regulatory conditions prescribed therein. Once completed, this will be the largest FDI in the financial sector of our economy so far.

Want to know more? Read here: https://t.co/t2tbVjjs6n

@FinMinIndia

[PIB India @PIB_India]

🔰Government Approves Strategic Restructuring of IDBI Bank Ltd.

▪️ The Cabinet Committee on Economic Affairs (#CCEA) approved the strategic restructuring of #IDBIBank Ltd.

▪️ An aggregate 60.72% equity stake in IDBI Bank Ltd. will be sold to a Strategic Buyer, comprising 30.48% held by the Government of India (GoI) and 30.24% held by LIC.

▪️ Following the transaction, the GoI will retain a 15% stake and LIC will retain a 19% stake in IDBI Bank Ltd.

Want to know more? Read here: https://t.co/e24aBQ4Mat

@FinMinIndia @IDBI_Bank

(1/n)

[Samosa_Coffee @kheloind]

@AIIDBIOA_BIHAR Don't cheery pick data. Take data of reasonable time period. You will find all your charts altered.

[Samosa_Coffee @kheloind]

@saveidbibank64 @ravish_journo Ravish ji ki Rubbish report 🤣

[Va Ba @Vabaxfintech]

Employees & pensioners are fully protected.
Service conditions of existing employees cannot be altered to their disadvantage after restructuring. This does not happen automatically @SaiVanikolli #IDBI #IDBIBank @PMOIndia @DFS_India

[Va Ba @Vabaxfintech]

IDBI is not a nationalised bank. AIBOA and AIBEA are not recognised associations of the IDBI Bank @FinMinIndia @nsitharaman @SecyDIPAM #IDBI #IDBIBank

[FinAware | Money Made Simple @finaware3]

Public or private sector banks? 🤔

Two leading editorials, one message: private ownership can strengthen India’s banking sector.

@FinancialXpress: https://t.co/QrlznTc3gW
@EconomicTimes : https://t.co/4u7HPcjpps
#IDBIBank #BankingReforms #CompetitiveIndia