Submitted our Memorandum to Hon'ble MP Shri @ShayarImran explaining the adverse impact of Privatisation on India's most vulnerable. Warned that it will rob marginalized communities of their constitutional right to reservation, exacerbating inequality. #DoNotSellIDBI#Hindenburg
On 09.08.2024, I met the representatives of United Forum of IDBI Officers and Employees (@IdbiFor) who submitted a memorandum explaining the ill-effects of the proposed sale of 60% shareholding in IDBI bank by LIC and the Central Government to private entities.
#IDBI #Privatization #Banking
Surprised to learn that Govt is considering diluting it’s stake in IDBI Bank to below 51%
This amounts to privatising the bank through backdoor & can put several jobs at risk
In 2003,then FM assured Rajya Sabha that Govt will not alter its shareholding w/o Parliamentary nod