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IDBI Strike

Over 30,000 employees of IDBI Bank  organised  one-day strike on 27th November 2015 protesting  government’s move  to privatise the Bank.

The employees organised the programme as per the call of  of United Forum of IDBI Officers and Employees, supported by All India Bank Officers Association.

At present, the government holds 76.5 per cent stake in IDBI Bank.

The government indirectly controls 29.19 per cent in Axis Bank through the administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), Life Insurance Corp and four other public sector general insurance companies.

“We are against the government plans to sell its stake to private players. It wants to achieve its disinvestment target of Rs 69,500 crore through this,” union stated. (Courtesy: PTI)