Central Trade Unions demand Parliamentary scrutiny of IDBI Bank disinvestment process
Executive Brief • Key Highlights
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- ✓Central Trade Unions demanded Parliamentary scrutiny of the IDBI Bank disinvestment process on November 1.
- ✓They also supported a hunger strike by bank employees on November 2 and 3.
- ✓The unions said, "Public institution of such strategic importance should not be reduced to a saleable asset," while seeking an investigation.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Extend full support to the hunger strike called by the United Forum of IDBI Officers & Employees on November 2nd and 3rd to demand cancellation of the Bank's privatisation process
The Joint Platform of Central Trade Unions has sought an immediate suspension of the IDBI Bank disinvestment process, an independent time-bound investigation into the bidding, valuation and decision-making process, and Parliamentary scrutiny of the transaction.
The Joint Platform of CTUs, comprising 10 trade unions, has extended its full support to the hunger strike called by the United Forum of IDBI Officers & Employees on November 2 and 3 to demand cancellation of the bank's privatisation process.
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