Employees and officers of IDBI Bank held gate meeting and procession to Oppose IDBI sale to private and foreign buyers.
The employees are also planning a one Day Dharna on August 8 in front Parliament, said C H Venkatachalam, general secretary of all India bank employees’ union.
The government is currently in the process of privatising IDBI Bank. The RBI has reportedly cleared the fit and proper criteria for the prospective buyers, thus enabling the government to call for financial bids.
According to reporters, the interested parties include CSB Bank promoter Fairfax India Holdings, NBD Emirates, and Kotak Mahindra Bank.