सन्दीप देवेंद्र चौधरी

Views are Personal. RTs doesn't mean Endorsement.

[M K Venu @mkvenu1]

Former finance secretary unpacks how IDBI Bank privatisation was designed to benefit just one party by avoiding genuine competitive bids. It was a predesigned single horse race. He said a genuine competitive bidding should have got atleast double the price for the government!

[Subhash Chandra Garg @Subhashgarg1960]

Everything (process, which results in making it a single horse race, price, which is atrociously low, government officers sitting on both sides) is wrong with IDBI bank sale. It is a black chapter in India’s public asset privatisation history. https://t.co/mixWRDQA3b via @YouTube

[Kamran @CitizenKamran]

IDBI employees are on Hunger strike to save our national asset.

Least you can do is share the video.

[Chitra Yadav @chitrayadav0521]

#RollBackIDBISale
#IDBISaleScam

[Press Trust of India @PTI_News]

VIDEO | Chennai, Tamil Nadu: AIBEA General Secretary CH Venkatachalam opposes the proposed majority stake sale in IDBI Bank, saying, "No public sector bank should be privatised; they are not contributing to the country's development."

(Full video available on PTI Videos - https://t.co/bIyFWTfmBd)

[AnuragChandraa @AnuragChandraa]

Fairfax has said IDBI's excess capital can buy Fairfax's own Go Digit & IIFL stakes at market prices. Bank's money → buyer's group companies. Put an independent valuation in the public domain first.

@idesibanda

#RollBackIDBISale

[Sama Ram Mohan Reddy @RamMohanINC]

కేంద్ర ప్రభుత్వ ఐడిబిఐ బ్యాంకు ప్రైవేటీకరణ నిర్ణయాన్ని వ్యతిరేకిస్తూ ఆ బ్యాంకు ఉద్యోగులు ఇందిరా పార్కు ధర్నా చౌకు వద్ద చేపట్టిన నిరాహార దీక్ష కార్యక్రమానికి హాజరై మద్దతు తెలుపడం జరిగింది.

#TelanganaCongress #ForThePeople #IDBIBank #SavePublicSectorBanks #SamaRamMohanReddy

[सन्दीप देवेंद्र चौधरी @sivach93]

#IDBINotForSale #IDBIBankEmployeesOnStrike #IDBISaleScam @SachinPilot @nsitharaman @PMOIndia

[All India IDBI Officers' Association @IdbiFor]

During the second day of the nationwide hunger strike against IDBI Bank’s privatisation, Shri @SachinPilot Ji raised his voice in support of our cause.

We sincerely thank him for standing with IDBI Bank officers and employees.

Our demand is clear: Save IDBI Bank. Stop Privatisation!

This fight is not just for employees, but for public trust, social banking and the future of thousands of families.

Together, we will continue the struggle until justice is delivered!

#RollBackIDBIScam
#FairFaxGoBack

[All India IDBI Officers' Association @IdbiFor]

As our protest enters the second day. Good morning
#RollBackIDBISale

We Oppose Privatisation of IDBI Bank

[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

[AnuragChandraa @AnuragChandraa]

Reserve price was ₹94.42 → both bids came below it → process shelved → fresh sealed bid opened → old reserve quietly dropped. That’s not price discovery. #RollBackIDBISale

[Dr.Varun Purohit @varunpurohit4]

No Privatisation of IDBI Bank -- Dr Varun Purohit, Congress leader...

[AnuragChandraa @AnuragChandraa]

At the original ₹94.42 reserve, government + LIC would have got ~₹8,760 crore more for the 60.72% stake. Someone decided to leave that money on the table.

#RollBackIDBISale

[IDBI Bank Officer's Association-BIHAR & JHARKHAND @AIIDBIOA_BIHAR]

✊ A STRONG VOICE FOR IDBI BANK!

During the second day of the nationwide hunger strike against the proposed privatisation of IDBI Bank, Shri Sachin Pilot ji raised his voice in support of stopping the bank's privatisation.

We sincerely appreciate his support and his attention to the legitimate concerns of IDBI Bank officers and employees.

Our demand is clear: IDBI Bank must remain a Public Sector Bank!

Our struggle is not just for employees; it is for public trust, social banking, financial inclusion and the future of thousands of families.

We will continue our peaceful fight until our voice is heard!

#SaveIDBI #StopPrivatisation #IDBINotForSale #RollBackIDBISale #StandWithIDBI

[AnuragChandraa @AnuragChandraa]

IDBI's CRAR 26.65% vs HDFC Bank's 19.71% → that extra ~₹15,500 crore cushion, built with taxpayer & LIC money and five years of employee-earned profit, goes to the buyer at 1.56x book. A bonanza, not a bargain. #RollBackIDBISale

[Ashish Kumar @ashishk53542554]

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

[Newton Bank Kumar @idesibanda]

SBI can easily takeover IDBI Bank with 2 Quarters of Net Profit to became more bigger, but move of Modi Cabinet to sell a Profitable Bank to foreign hands is beyond justification.

[सन्दीप देवेंद्र चौधरी @sivach93]

#IDBINotForSale #IDBISaleScam #IDBIBankEmployeesOnStrike #RollBackIDBISale @nsitharaman @FinMinIndia @PMOIndia @ArvindKejriwal @yadavakhilesh @ShashiTharoor @INCIndia @RahulGandhi

[BW Businessworld @BWBusinessworld]

Fairfax Financial Holdings Limited is set to acquire 60.72% of IDBI Bank for ₹52,878 crore. But a key part of its funding plan raises a bigger question: could IDBI end up helping finance its own takeover?

In ‘Is Fairfax Buying IDBI With IDBI’s Own Money?’, Palak Shah examines Fairfax chairman Prem Watsa’s comments to investors about IDBI potentially buying stakes in Go Digit General, Go Digit Life and IIFL Capital at market prices.

Fairfax president Peter Clarke valued the contribution of these three businesses at approximately $3 billion around ₹28,300 crore, or 54% of the proposed acquisition price. Fairfax has included this contribution among the potential sources of funding for the IDBI deal.

The proposed transactions are not final and remain subject to regulatory approvals. But they raise important questions about independent valuations, RBI investment limits, the use of IDBI’s capital and the interests of its minority shareholders.

The central question is not just what Fairfax is buying, but who ultimately pays for it.

Read the full story on BW Businessworld.

https://t.co/8Ba7nLUyV3
By Palak Shah (@palakshahjourno )

Follow Daily Updates:
https://t.co/RYSCPjXvK6

Follow BW Businessworld ( @BWBusinessworld ) for more business insights.

@FFH_TO | Prem Watsa | @IDBI_Bank | Rakesh Sharma | Go Digit | @iiflcapital

@anuragbatrayo | @NFWarsia | Tanvie Ahuja

#IDBIBank #Fairfax #PremWatsa #GoDigit #IIFLCapital #Banking #MergersAndAcquisitions #CorporateGovernance #RelatedPartyTransactions #IndianBanking #MinorityShareholders #BWBusinessworld

[Shaktisinh Gohil Ex-MP @shaktisinhgohil]

IDBI बैंक को बेचा ही नहीं जा सकता है।

साल 2003 में पार्लियामेंट्री स्टैंडिंग कमेटी ऑन फाइनेंस ने कह दिया था- IDBI बैंक में सरकार की हिस्सेदारी को 51% से नीचे नहीं घटाया जा सकता है।

उस समय देश की सत्ता में BJP थी और जसवंत सिंह वित्त मंत्री थे।

जसवंत सिंह ने लोकसभा में 08 अगस्त 2003 और राज्यसभा में 15 अगस्त 2003 को अपने भाषण में वादा किया था- हम किसी भी हालत में IDBI बैंक में हिस्सेदारी को 51% से नीचे नहीं घटाएंगे।

लेकिन भगवान राम के नाम पर चंदा चोरी करने वाली BJP अब अपना वादा तोड़ने और IDBI बैंक को बेचने पर तुली है।

📍 दिल्ली
@palakshahjourno @BOBOUR_AIBOA
#RollBackIDBISale #StandWithIDBI #IDBISaleScam #IDBIBankEmployeesOnStrike

[The Wire @thewire_in]

IDBI's Sale to a Canadian Firm For a Pittance Was a Warped and Imprudent Move

E.A.S. Sarma writes
https://t.co/TOc9YNiMgk