Loot of tax payer’s money – Selling IDBI Bank at price much lower than its valuation

Statement of United Forum of IDBI officer and Employees

This is called loot of tax payer’s money.
1. Selling profitable IDBI Bank whose valuation is much higher than its selling price.
2. Total 333 willful defaulters.
3. Total amount Rs.24149/- crores on which government is not taking any action.

Only in case of selling public sector banks, they are giving tax exemption to corporates. Only the top 15 willful defaulters are becoming 50% of the total amount. Why not act on them?

Oppose Privatisation of IDBI Bank

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