A@kriti

[All India IDBI Officer's Association @saveidbibank64]

AIBEA General Secretary Comrade. CH Venkatachalam opposes the proposed majority stake sale in IDBI Bank, saying, "No public sector bank should be privatised.
VC: PTI news
@PTI_News
#RollbackIDBISale
@ChVenkatachalam
@AIBEAofficial

[A@kriti @meAakriti]

#IDBINotForSale #RollBackIDBISale

[Gautam @Gautamgappupugo]

Hunger Strike by Ahmedabad Self motivated Team at CG Road on 2& 3 Nov 26.
#IDBINotForSale
#IDBIBankEmployeesOnStrike
#IDBISaleScam
#IDBIBankIsNotForSale

[A@kriti @meAakriti]

#FairfaxGoBack #RollBackIDBISale

[All India IDBI Officers' Association @IdbiFor]

The impact of privatization is not limited to bank employees only, it reaches their families.
The government should reconsider its decision and withdraw the privatization of IDBI.
#SaveIDBIBank #FairfaxGoBack

[A@kriti @meAakriti]

#IDBISaleScam #RollBackIDBISale #IDBINotForSale

[National Herald @NH_India]

The sale price of Rs 81 per share is a gross undervaluation, points out #EASSarma, the former Secretary to the Government of India

#IDBIBankSale

https://t.co/alOmqfXaKx

[A@kriti @meAakriti]

#RollBackIDBISale #FairfaxGoBack #IDBINotForSale

[TheBanker’sMirror @bankaffairs]

🚨 BUSINESSWORLD RAISES ANOTHER SERIOUS CONCERN IN THE IDBI SALE: IS IDBI BANK BEING ASKED TO FUND ITS OWN TAKEOVER?

The details emerging around Fairfax’s ₹52,878 Cr bid (at ₹81/share, ~10% below market price) to acquire a 60.72% controlling stake reveal a troubling playbook of CIRCULAR CAPITAL EXTRACTION.

Prem Watsa’s investor call indicates that once in control, IDBI Bank will pay $3.0 Billion (₹28,300 Cr) in cash to buy out Fairfax’s stakes in Go Digit General, Go Digit Life, and IIFL Capital at "market prices."

That cash injection back into Fairfax accounts for nearly 54% of its acquisition cost.

HERE IS WHY THIS STRUCTURE FACES MASSIVE LEGAL, STATUTORY AND REGULATORY FRICTION IN INDIA:

1️⃣ RBI SUBSIDIARY INVESTMENT CAPS

Under the RBI Master Directions on Financial Services, a commercial bank cannot invest more than 10% of its paid-up capital and reserves in a single financial subsidiary, capped at an aggregate 20% across all subsidiaries.

With IDBI’s net worth at ~₹61,164 Cr, the aggregate statutory ceiling sits around ₹12,000–₹12,500 Cr. Pumping out ~₹28,300 Cr in cash directly breaches these prudential limits unless Mint Street grants unprecedented regulatory waivers.

2️⃣ SEBI'S "MAJORITY OF THE MINORITY" FIREWALL

Once Fairfax assumes 60.72% ownership, it becomes a promoter. Shifting promoter-owned assets into a listed bank for cash triggers SEBI LODR Material Related Party Transaction (RPT) rules.

Fairfax is statutorily barred from voting. The decision falls squarely on the minority shareholders—where GoI (15%) and LIC (19%) hold the decisive votes.

Can state institutions justify draining the bank's liquidity for promoter assets?

3️⃣ VALUATION ASYMMETRY ON PUBLICLY FUNDED CAPITAL

IDBI’s stellar 27.10% Capital Adequacy Ratio is not private windfall—it was rebuilt through ~$6.4B in sovereign recapitalization and LIC policyholder funds to rescue the bank from PCA restrictions.

Buying IDBI cheap at ₹81, while vendoring in unlisted, non-market-discovered entities like Go Digit Life at internal valuations, creates a clear conflict of fiduciary duty under Section 166 of the Companies Act.

4️⃣ THE DUAL-BANKING PROMOTER CONFLICT

Fairfax already holds ~40% in CSB Bank. RBI promoter guidelines explicitly restrict a single conglomerate from controlling multiple universal banking licences without an ironclad, time-bound divestment or merger roadmap.

Capital efficiency through bancassurance synergies is sound business logic, but extracting bank cash to fund promoter buyouts sets a dangerous precedent for Indian disinvestment.

Without strict RBI scrutiny and an arm’s-length share swap rather than a cash drain, this deal risks becoming a textbook case of sovereign capital being privatized to subsidize its own acquisition.

#IDBIBank #FairfaxGoBack

[A@kriti @meAakriti]

#IDBISaleScam #IDBIBankIsNotForSale #RollBackIDBISale

[All India IDBI Officer's Association @saveidbibank64]

How can an LIC Independent Director simultaneously serve on the board of a Fairfax-controlled company while Fairfax is bidding for IDBI Bank? Isn't this a serious conflict of interest?
#IDBISaleScam #IDBI
#GOBACKFAIRFAX #RahulGandhi

[All India IDBI Officer's Association @saveidbibank64]

An emotional appeal from a visually impaired employee of IDBI Bank!
This is not just one employee's voice. It is a voice of dignity, equality, job security and the future of thousands of employees.
Hon’ble Prime minister of India madam, we humbly request your intervention to protect the interests and constitutional rights of IDBI Bank employees.
@narendramodi
@MSJEGOI
@socialpwds
@nsitharaman

[Alankrit Shukla @alashshukla]

Employees of IDBI Bank are on hunger strike for 2 days against privatisation.

#RollBackIDBISale

[Vithal Koteswara Rao A.V. @Vithal_AIIDBIOA]

STOP Privatisation and Foreignisation of IDBI BANK

बैंकों का निजीकरण राष्ट्रहित के विरुद्ध है

@nsitharaman @DFS_India @FinMinIndia
@SecyDIPAM @IdbiFor @IDBI_Bank @RBI
@saveidbibank64 @PMOIndia @narendramodi

#IDBISaleScam
#RollBackIDBISale

[ßank Man🇮🇳 @PoltySeptic]

Leave the politics for Leaders

You do your job and save the interest of your Employees not bootleaking to Govt.

Why you fear to oppose the govt policy of privatization
What face you show to your children and your family that you spoiled 20k IDBI employees life in a hit.
#IDBINotForSale
#IDBIstrike

[All India IDBI Officers' Association @IdbiFor]

IDBI बैंक: ₹68,470 करोड़ की अतिरिक्त संपत्ति और पूंजी वाला बैंक, सिर्फ ₹52,800 करोड़ में क्यों बेचा जा रहा है?

31 मार्च 2026 के ऑडिटेड आंकड़ों के अनुसार:

🔹 बैंक के पास अपनी पूंजी और रिजर्व के रूप में ₹67,637 करोड़ हैं।
🔹 RBI के नियमों के अनुसार बैंक को जरूरी पूंजी रखने के बाद भी ₹38,470 करोड़ अतिरिक्त बचते हैं।
🔹 बैंक की जमीन और अन्य संपत्तियों का अनुमानित अतिरिक्त मूल्य ₹30,000 करोड़ है।

यानी कुल मिलाकर ₹68,470 करोड़ की अतिरिक्त पूंजी और संपत्ति का दावा है। फिर भी सरकार बैंक को मात्र ₹52,800 करोड़ में बेच रही है!

आखिर इतनी जल्दबाजी क्यों? इस सौदे से फायदा किसको होगा और नुकसान किसका होगा?

जिस IDBI बैंक को जनता के पैसे से संकट से बाहर निकाला गया, जिसे कर्मचारियों ने अपनी मेहनत से दोबारा मजबूत बनाया और जो आज ₹9,513 करोड़ का मुनाफा कमा रहा है, उसे किसी विदेशी खरीदार के हाथों में सौंपने की जरूरत ही क्या है?

जो बैंक देश के लिए कमाई कर रहा है, उसे बेचना नहीं, और मजबूत बनाना चाहिए!

✊ IDBI बैंक बिकने नहीं देंगे! देश की संपत्ति बचाएंगे!

#RollBackIDBISale #FairfaxGoBack

@RahulGandhi @INCIndia @Pawankhera @SupriyaShrinate @shaktisinhgohil

[Bharat Jodo Abhiyaan @withbharatjodo]

देश नहीं बिकने दूंगा" का नारा था... आज देश की हर संपत्ति नीलाम हो रही है!

लाखों युवा सालों से सरकारी नौकरियों का इंतज़ार कर रहे हैं, पर भर्ती नहीं निकलती।

जो Public Sector देश का सहारा थे, उन्हें एक-एक करके बेचा जा रहा है।

अब IDBI बैंक का निजीकरण कर दिया गया और उसके कर्मचारी आज अपने हक के लिए सड़कों पर आंदोलन कर रहे हैं!

आम नागरिक को सड़क पर लाकर खड़ा करने वाली यह नीतियां देश को कहाँ ले जा रही हैं?

#IDBINotForSale #IDBIBank #IDBIBankEmployeesOnStrike #idbiscam

[All India IDBI Officers' Association @IdbiFor]

IDBI Officers are on Road to fight against the Privatization of IDBI Bank.

Profitable Bank Should not handover to any Private Entity.

#RollBackIDBISale

@RBI @ChVenkatachalam

[All India IDBI Officers' Association @IdbiFor]

#RollBackIDBISale

[All India IDBI Officers' Association @IdbiFor]

#RollBackIDBISale
#IDBISaleScam

E.A.S. Sarma Calls for Scrapping IDBI Stake Sale to Fairfax, Demands Independent Enquiry

@rashtrapatibhvn @narendramodi @SecyDIPAM @nsitharaman @saveidbibank64 @AIIDBIOA_BIHAR @PIB_India @RahulGandhi @IYC @IYCMadhya @yadavakhilesh @INCIndia @IBOAEZ @BWBusinessworld @NH_India
https://t.co/juzDn64gmi

[National Herald @NH_India]

#IDBIBank employees opposing proposed sale to Fairfax announce two-day hunger strike on 2–3 November, allege management threatening action against participants.
https://t.co/Ljob0MaYwt

[All India IDBI Officer's Association @saveidbibank64]

Thank you @palkisu madam for showing the IDBI Bank issue on The Palki Sharma Show and bringing our concerns to a wider audience. We sincerely appreciate the coverage and visibility given to our cause. @IGR_Media
#StandWithIDBI #RollBackIDBISale

[The Lallantop @TheLallantop]

IDBI बैंक को कनाडा की कंपनी Fairfax को बेचने के फैसले पर विवाद बढ़ता जा रहा है. लोकसभा में नेता प्रतिपक्ष राहुल गांधी ने बैंक कर्मचारियों की मांग का समर्थन किया है.

उन्होंने कहा कि जब बैंक 9 हजार करोड़ रुपये से ज्यादा का मुनाफा कमा रहा है. तो सरकार बैंक को निजी हाथों में क्यों सौंपना चाह रही है?

दूसरी तरफ, सरकार ने भी बिक्री की प्रक्रिया पर उठ रहे सवालों का जवाब दिया है. वित्त मंत्रालय के मुताबिक, Fairfax ने तय बेंचमार्क कीमत से ज्यादा की बोली लगाई है.

https://t.co/zNehsFbJbP

[The Hindu @the_hindu]

Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao has questioned the Union government’s proposed sale of IDBI Bank to a private player, raising concerns over the bank’s valuation, changes in bidding norms and the treatment of its real estate assets.

https://t.co/xMOlOKmEIv

[All India IDBI Officers' Association @IdbiFor]

This movement is no longer just a fight by IDBI Bank officers and employees. Their families, too, have come out onto the streets, standing shoulder to shoulder with them. Their presence reflects the pain, anxiety and uncertainty that this decision has brought into thousands of families.

When an entire family comes out to fight, it is not just a protest — it is a fight for their future, dignity and livelihood.

#fairfaxgoback
#IDBISaleScam

@RahulGandhi @INCIndia @DFS_India
@RBI @BJP4India