After selling IDBI Bank, NITI Aayog has reportedly put Central Bank of India and Indian Overseas Bank up for sale. 🚨 🚨
Recently Modi government has sold IDBI Bank to Canada's Fairfax Financial Holdings group.
Now Modi government has also planned to sell the Central Bank of India and Overseas Bank. Every single PSU in the country is being sold, yet there is no outrage in the media and news channels.
🙏 Heartfelt thanks to @ravish_journo Sir for highlighting the proposed privatisation of IDBI Bank and drawing attention to the concerns surrounding its future.
IDBI Bank has played a significant role in India's development and has contributed to the growth of the country's banking industry.
It has supported businesses, entrepreneurs, infrastructure development, and the financial needs of people across the country. Its legacy, institutional strength, and contribution to nation-building must not be overlooked.
IDBI Bank is not merely a financial institution; it represents public trust, employees' dedication, and India's economic progress.
We strongly oppose its privatisation and urge the Government to consider the long-term interests of employees, customers, and the public. Banking must serve the nation's development, not just the pursuit of private profit.
📢 Our message is clear: Keep your promise. Protect public interest. Stop the privatisation of IDBI Bank!
This is not just a fight for IDBI Bank employees; it is a fight for public accountability, national development, and the future of public sector banking in India.
Our voices will not be silenced. Our unity will not be broken. We will continue to raise our voices for IDBI Bank and its proud legacy.
SAVE IDBI BANK — STOP PRIVATISATION!
#IDBINotForSale #SaveIDBI #StopPrivatisation #BankBachaoDeshBachao
#StandWithIDBI
#SaveIDBIBank
@rashtrapatibhvn
धन्यवाद @ravish_journo जी,
IDBI बैंक के निजीकरण का मुद्दा उठाने के लिए,
सरकार इसे FDI बता रही है पर मुद्दा यह है की विदेशी निवेश नए इन्फ्रास्ट्रक्चर और नए नेटवर्क को तैयार करने में होना चाहिए ना घर के बर्तन बेच उसे FDI का जामा पहना कर उसका जयगान करना चाहिए।
@DainikBhaskar@AmarUjalaNews@NavbharatTimes@EconomicTimes
https://t.co/6f20SOxPLT
🙏 Heartfelt thanks to @ravish_journo Sir for highlighting the proposed privatisation of IDBI Bank and drawing attention to the concerns surrounding its future.
IDBI Bank has played a significant role in India's development and has contributed to the growth of the country's banking industry.
It has supported businesses, entrepreneurs, infrastructure development, and the financial needs of people across the country. Its legacy, institutional strength, and contribution to nation-building must not be overlooked.
IDBI Bank is not merely a financial institution; it represents public trust, employees' dedication, and India's economic progress.
We strongly oppose its privatisation and urge the Government to consider the long-term interests of employees, customers, and the public. Banking must serve the nation's development, not just the pursuit of private profit.
📢 Our message is clear: Keep your promise. Protect public interest. Stop the privatisation of IDBI Bank!
This is not just a fight for IDBI Bank employees; it is a fight for public accountability, national development, and the future of public sector banking in India.
Our voices will not be silenced. Our unity will not be broken. We will continue to raise our voices for IDBI Bank and its proud legacy.
SAVE IDBI BANK — STOP PRIVATISATION!
#IDBINotForSale #SaveIDBI #StopPrivatisation #BankBachaoDeshBachao
#StandWithIDBI
IDBI Bank is not for sale—it is a public institution built on trust, service and national interest.
The Government has assured Parliament that its shareholding will never fall below 51%.
Stand for public banking. Stand for IDBI.
#IDBINotForSale
IDBI Bank is not just a financial institution; it is a proud legacy of India's banking history, built on public trust and national service. The government must protect this invaluable legacy, not sell it.
https://t.co/cVFHfnJWEZ
आत्मनिर्भर भारत या देश के बैंकों की बिक्री?
IDBI बैंक की 60.72% हिस्सेदारी कनाडा की Fairfax से जुड़ी इकाई को ₹52,878 करोड़ में बेचने की मंजूरी कई गंभीर सवाल खड़े करती है।
यदि आत्मनिर्भरता हमारा लक्ष्य है, तो राष्ट्रीय बैंक का नियंत्रण विदेशी निवेशकों को क्यों सौंपा जा रहा है??
संस्थानों को खड़ा करने में पीढ़ियाँ लगती हैं, बेचने में सिर्फ़ एक फैसला!
जिस संस्थान ने देश की औद्योगिक और वित्तीय प्रगति में ऐतिहासिक भूमिका निभाई, उसके भविष्य का फैसला केवल विनिवेश के नज़रिए से क्यों?
क्या हर समस्या का समाधान निजीकरण है?
#SaveIDBIBank#StopIDBIPrivatisation
To
The Hon'ble President of India
Rashtrapati Bhavan, New Delhi
Madam President,
We, the undersigned citizens, employees, officers, customers and supporters of public-interest banking, respectfully seek your intervention as the constitutional Head of the Republic to secure a reconsideration of the proposed privatisation of IDBI Bank. This petition is initiated by the United Forum of IDBI Officers & Employees.
A national institution, a national responsibility
IDBI was established in 1964 to serve India's industrial development. Its contribution to industry, infrastructure and productive capacity forms part of the nation's institutional heritage. Its transformation into a commercial bank should not extinguish that public purpose. We believe that transferring control of such an institution to private interests, particularly foreign controlled interests, raises serious questions of economic sovereignty, democratic accountability and national interest.
Honour the assurance given to Parliament
During consideration of the 2003 legislation transforming IDBI, the then Finance Minister, Shri Jaswant Singh, assured Parliament that the Government would retain at least 51 per cent ownership. We submit that this solemn assurance must be addressed openly and substantively before any further transfer of control. An assurance to Parliament carries a responsibility to the people that cannot be answered merely by treating privatisation as an administrative transaction.
The supplied compilation records subsequent parliamentary interventions and questions concerning disinvestment, employee protection and reservation. It does not identify an express parliamentary decision withdrawing or modifying the 2003 assurance. We therefore seek examination of the original assurance and its subsequent treatment by the competent parliamentary committees, and a reasoned statement by the Government before Parliament.
Protect social justice and equal opportunity
Public banking has provided an important avenue of opportunity for Scheduled Castes, Scheduled Tribes, Other Backward Classes, persons with disabilities and other disadvantaged sections. We are deeply concerned about the future of reservation in recruitment and promotion wherever applicable, representation, and related safeguards following privatisation. Temporary protection of existing employees cannot substitute for durable opportunities for future generations. These concerns deserve explicit, enforceable answers before any irreversible step.
Keep ordinary people within the banking system.
Banking is an essential instrument of economic participation. Small depositors, farmers, workers, pensioners, women, small businesses and underserved communities require affordable accounts, accessible branches, fair credit and responsive grievance redress. We fear that a stronger emphasis on commercial returns may lead to higher charges, reduced physical access or diminished attention to less profitable customers and regions. Exclusion from banking can become exclusion from development.
Safeguard economic sovereignty and public assets
Economic sovereignty requires the capacity to direct finance towards national development and social priorities. We do not suggest that foreign investment by itself establishes wrongdoing. Our concern is the transfer of strategic control, the long-term use of public savings and an institution built through national effort. Public investment and institutional recovery must be assessed alongside valuation, future earning capacity, public-service obligations and the consequences of losing public control.
Our respectful appeal
#SaveIDBI
Standing Together for IDBI Bank. Standing Together for Public Sector Banking.
IDBI Bank is more than an asset on a balance sheet. It is an institution built over decades of service, trust and commitment to the nation.
#IDBINotForSell#SaveIDBIBank