IDBI Bank Employees have announced One Day Hunger Strike against the privatisation of the Bank. The United Forum of IDBI Officers and Employees has served notice for a one-day nationwide hunger strike and demonstrations across the country on March 9.
The employees of IDBI Bank have threatened an indefinite strike if privatisation is not stopped. The Government has proposed to privatise IDBI Bank by this financial year.
“We remain hopeful that the bank management and the Centre will intervene constructively to resolve the dispute in the interest of employees, depositors, and nation at large,” said Devidas Tuljapurkar, Convenor of the Forum; and Ratnakar Wankhade and Vithal Koteshwara Rao, Joint Convenors.
Also Read: South Indian Bank (SIB) Recruitment 2026 Notification Released for Junior Officer Post
The employees have also sought support from RSS supremo Mohan Bhagwat and Swadeshi Jagran Manch.
Employees have presented following demands:
- restoration of Centre’s shareholding to not less than 51 per cent
- assurance that IDBI Bank shall continue in the public sector
- written statutory assurance safeguarding service conditions, pension and reservation policies
- tripartite consultation involving the Centre, bank management and unions/associations prior to any ownership restructuring
Employees are mainly concerned about job security. Employees fear that if the bank is privatised, then they can be fired anytime, like in the private sector. The attrition rate in private sector banks in India is very high. The average annual attrition rate in private banks is around 25%. In some private banks, the attrition rate is around 30-40%. This shows that private sector bank employees leave their jobs quickly, mainly due to work culture and poor salary structure. IDBI Bank Employees also fear the same. What happens next – let’s see.
Also Read: Axis Bank files police complaint against ex-Director of Reliance Commercial Finance Ltd (RCFL)
-
-
-
-
-
-
-
-
-
-
-
-
