United Forum of IDBI Officers requests MP Y.V. Subba Reddy to save Bank from Privatisation
| ➡️ Get instant news updates on Whatsapp. Click here to join our Whatsapp Group. |
The United Forum of IDBI Officers and Employees met Hon’ble Member of Parliament and Standing Committee on Finance member, Shri Y.V. Subba Reddy (Rajya Sabha MP from Andhra Pradesh, YSR Congress Party) in Bengaluru on Wednesday.
Recently, there were reports that the Government of India is planning to privatise IDBI Bank by this year.
During the meeting, the delegation submitted a detailed memorandum requesting the MP’s intervention and support in their ongoing struggle against the proposed strategic sale of IDBI Bank. The Forum expressed deep concern over the implications of the privatization move, stressing its potential impact on employees, customers, and the public sector banking ecosystem.
The forum urged Shri Reddy to raise their concerns at the appropriate forums and extend his backing to safeguard the interests of IDBI Bank and its workforce.
The interaction was part of the broader #SaveIDBI campaign being carried out by the Forum across the country.
Yerram Venkata Subba Reddy is an Indian Politician who served as the Member of Parliament to the 16th Lok Sabha from Ongole (Lok Sabha Constituency), Andhra Pradesh. He won the 2014 Indian General Elections being a Yuvajana Sramika Rythu Congress Party Candidate. In 2019, he has been appointed as the Chairman of Tirumala Tirupati Devasthanams, which is equivalent to Minister rank in Andhra Pradesh Government.
Born in Medarametla, in Prakasam District to Yerram Chinna Poli Reddy and Yerram Pitchamma, he is married to Ms. Swarnalatha Reddy, the younger sister of Ms Y. S. Vijayamma (Mother of Y. S. Jaganmohan Reddy). He was unanimously elected to the Rajya Sabha, Upper house of Parliament of India in 2024 from Andhra Pradesh in Rajya Sabha Elections as a member of the YSR Congress Party.
