Press Release by United Forum of IDBI Officers and Employees
On 10 August 2025, the All India Forum Against Privatisation (AIFAP) organized a well-attended and spirited meeting in support of today’s IDBI strike (11 August). IDBI officers and employees are striking in protest against the proposed sale of IDBI to domestic/foreign private companies. They are also demanding the recruitment of 5,000 clerks and 2,000 sub-staff in IDBI Bank. Below, we are sharing their press release that presents their main demands.
Officers and employees have been bravely and consistently opposing attacks on the bank. Their press release below details the history of the formation, ownership and strategic disinvestment of IDBI. They are requesting the government to retain 51% shares in IDBI, with the government and LIC holding 95% of equity. Further, they are demanding that the RBI should treat IDBI as a public sector bank and the bank’s character of Development Banking should be restored.
The sale of IDBI will pave the way for further privatisation in the banking sector and will put people’s money at risk. Support the IDBI strike!
Press_Release_by_United_Forum_of_IDBI_for_IDBI_Strike_on_11_08_2025