The fully unjustified move of the central government to privatise the IDBI Bank has to be opposed and defeated. The employees of the Bank had gone on 4 days full strike from 28th March protesting against the move of the government. The plea of the government that there is NPA (bad loan) of more than Rs.19,000 crore is no justification for the same. It is only due to the political intervention and policy of the government that such NPA is happening as in other banks.
Privatisation of IDBI will be the first step in privatising the other PSU Banks. Oppose and defeat this game of the BJP Government, which is intended to help the private banks and corporates.