IDBI Bank Staff have announced strike on 9th March against the privatisation of the bank. The government has formally invited financial bids for the strategic disinvestment of IDBI Bank Ltd., as per sources. This is a crucial step in the long-pending privatisation of the bank. The goal is to complete the sale by March 2026.
Representatives of the United Forum of IDBI Officers and Employees have sought meetings with the Prime Minister and the Finance Minister. They want the government to reconsider the proposal to sell IDBI Bank to private or foreign companies.
The forum has also sent an online petition to the President of India. It has requested her intervention in the larger national interest. This information was shared by Devidas Tuljapurkar, Convenor, and Ratnakar Wankhade and Vithal Koteswara Rao, Joint Convenors.
Also Read: Countdown Begins for IDBI Bank Privatisation as Govt Invites Financial Bids
The forum said it is contacting all political parties separately. The aim is to inform them about the issue and seek their support. The forum wants the Centre to drop the proposal in the interest of the nation and the public.
The forum has announced a dharna at Jantar Mantar in New Delhi on February 13. This will be followed by a one-day protest strike on March 9.
The Centre had earlier justified its intervention in IDBI Bank during 2015–16 and later years. It had cited continuous losses and the need to protect depositors’ interests through capital support.
Also Read: Top Mutual Funds with High Returns in February 2026
The forum said this argument is no longer valid. Over the last five consecutive financial years, IDBI Bank has reported strong profits and has paid dividends. It said the bank is now stable and competitive due to the hard work of its employees and the trust of its customers. Net profit of IDBI Bank rose 0.31% to Rs 1954.09 crore in the quarter ended December 2025.
| Parameters | Dec. 2025 (Amt in Rs. cr) |
| Total Operating Income | 7080.24 |
| OPM % | 71.75 |
| PBDT | 2489.02 |
| PBT | 2489.02 |
| Net Profit | 1954.09 |
At present, IDBI Bank has about 2,136 branches across the country. Its total deposits are around ₹3 lakh crore, including ₹1.36 lakh crore in low-cost deposits. The bank’s loan book is about ₹2.39 lakh crore.
The bank serves nearly two crore customers. It also owns land and buildings at 21 prime locations across India. The forum said the real market value of these assets is very high.
Also Read: Hyderabad: Armed Robbers Open Fire, Loot Rs. 6 Lakh at SBI ATM in Koti
The Centre and LIC together have infused around ₹0.50 lakh crore into the bank over the years. Today, the bank has a clean balance sheet, better asset quality, strong capital position, and sound operations. The forum said IDBI Bank is well placed for future growth.
In this context, the forum said that selling such a valuable national asset is unclear, unjustified, and against public interest.
Also Read: UP Govt withholds salary of Govt Employees for not submitting Assets Details
Loading…
Reload document 
Open in new tab 
