IDBI Bank Staff Forum Opposes Fairfax Stake Sale, Demands Parliamentary Review
The United Forum of IDBI Officers and Employees has opposed the government’s planned sale of a majority stake in IDBI Bank to Fairfax Financial Holdings, arguing that the transaction warrants deeper public and parliamentary scrutiny. The employee body has raised concerns over possible undervaluation of the lender’s assets and the broader social obligations attached to a bank with public-sector roots.
