Message and video opposing privatization of IDBI and public sector banks received from Shri Devidas Tuljapurkar, Convenor, United Forum of IDBI Unions
The Government is expediting the process of privatisation of public sector IDBI, which is consistently earning significant profits and NPAs are at its lowest. The performance of the Bank on almost all financial parameters is excellent. Does it not amount to privatisation of profits? The government, which very often speaks of self reliance and Swadeshi, is selling it off to foreign entities. Who will raise their voice?
The question is not only about IDBI. If it happens, the government will follow the same path to privatise other public sector banks. The question is of sovereignty of Indian Banking and Finance! Please circulate widely with employees, officers, customers and public at large to sensitise them on one of the important national issues affecting Banking and Finance.
Devidas Tuljapurkar
Convenor, United Forum of IDBI Unions
9422209380 drtuljapurkar@yahoo.com