
The officers and employees of IDBI Bank have announced plans to hold a dharna (peaceful protest) in front of Parliament during the upcoming Budget session. This protest aims to oppose the government’s decision to privatize the bank and to protect the interests of its 30 million customers, 20,000 employees, and the overall national interest.
The United Forum of IDBI Officers and Employees released a statement emphasizing their concerns. According to the forum, they have met with representatives of various political parties and submitted a memorandum requesting their intervention to stop the strategic disinvestment of IDBI Bank.
“There is no justification for selling this profit-making government entity to private, especially foreign, entities,” the forum stated. They highlighted the bank’s strong financial performance, noting that IDBI Bank has reported consistent profits over the past four financial years (FY21–24). The forum also shared that the bank is expected to conclude the current financial year (FY25) with an estimated profit of ₹7,000 crore.
The employees are urging policymakers to reconsider the privatization move, citing the bank’s profitability and its significant role in serving millions of customers across the country.