IDBI Bank employees call nationwide strike on November 2-3 over proposed sale to Fairfax
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓More than 10,000 IDBI Bank employees will observe a nationwide strike on November 2 and 3 to protest the proposed sale to Fairfax.
- ✓The union said the bank's turnaround was the result of sustained public investment and employee contributions.
- ✓They want the government to scrap the privatisation process immediately.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Moneycontrol.com
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
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More than 10,000 IDBI Bank employees across the country will observe a two-day nationwide strike on November 2 and 3, 2026, demanding the cancellation of the bank's proposed privatisation process.
The strike has been called by the United Forum of IDBI Officers & Employees, which represents employees across the bank. The union has demanded that the government and IDBI Bank management scrap the proposed privatisation, alleging that the bank's turnaround has been the result of sustained public investment and employee efforts rather than foreign private ownership.
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