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
Cut staff, merge branches, dump all the extra work on whoever is left, then shamelessly celebrate about profit per employee and per branch. What the hell are these executives proud of?
Staff are exhausted, customers are suffering, but commissions and profit targets come first. Exploit your own people and destroy customer service, then call it performance. What a bloody joke!
IDBI Bank stake sale was reduced to a single horse race making it utterly non-competitive. Govt attempts to justify ridiculously low price of Rs. 81 gives the whole game away. Cancel the bid or at put it on Swiss Challenge mode. My hard knock opinion. https://t.co/bUnQXvDLd1
Heartfelt thanks to Ravish kumar Ji for highlighting the facts and raising your voice on the proposed privatisation of IDBI Bank.Your support gives thousands of IDBI employees hope and strength in this difficult fight.. @ravish_journo#StandWithIDBI#GOBACKFAIRFAX
Respected @revanth_anumula ji ,we urge you to raise your voice against IDBI Bank’s privatisation. Protect jobs, social justice, and SC/ST/OBC/EWS reservation. Please stand with IDBI employees and safeguard this national asset for the people of India.
CPI(M) Opposes IDBI Bank Sale to Fairfax, Raises Concerns Over Foreign Ownership and Valuation
Read More: https://t.co/ZIsLr80H6V
The CPI(M) has opposed the proposed sale of a 60.72% stake in IDBI Bank to Fairfax, raising concerns over foreign ownership rules, valuation, and the future of public-sector banking. The party has urged the government to reconsider its divestment plans.
#cpim #cpi #idbibank #stakesale #bank #aiidbioa #protest #strike #bankingnews
Respected CM @TVKVijayHQ ,we urge you to raise your voice against IDBI Bank’s privatisation. Protect jobs, social justice, and SC/ST/OBC/EWS reservation. Please stand with IDBI employees and safeguard this national asset for the people of India. @CMOTamilnadu#StandWithIDBI
When thousands of crores are allegedly lost through financial frauds and accused flee the country, ordinary taxpayers are left to bear the consequences. Yet, a profitable public-sector bank IDBI Bank is being considered for sale to private investors.
Bank reportedly generates around ₹10,000 crore in annual profit, why should its future earnings and strategic control be handed to private interests instead of strengthening public banking?
Public-sector banks are more than profit-making businesses. They support farmers, small businesses, ordinary depositors and financial inclusion. Their value must be measured not just in profits, but in the public service they provide.
Instead of selling profitable public assets, the government should improve accountability, prevent financial fraud and ensure that the benefits of public wealth reach the people.
Public assets belong to the people. The burden of governance failures must not fall on them.
#SaveIDBIBank #PublicMoney #Accountability
@DFS_India@PMOIndia@FinMinIndia@RBI@rashtrapatibhvn@SecyDIPAM
Respected @RahulGandhi ji,
Thousands of IDBI Bank employees are looking towards you with hope and trust. We humbly request your support and intervention to help save IDBI Bank from privatisation. Your voice and support can give hope to thousands of employees and their families. Please stand with us.@priyankagandhi@IYC@INCMaharashtra@INCMP@INCKerala@INCKarnataka@INCMumbai