17 Thursday Mar 2016
Posted in Disinvestment, General
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The 32,000 odd employees of the IDBI Bank will go on a one day strike on 28th March 2016 against government move to privatise the bank. The privatisation move is part of the government’s anti-PSU policy. The government has recently started an anti-PSU Bank move.
28 Saturday Nov 2015
Posted in PSU
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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)
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