PSB Punch retweeted
Profits shouldn't mean privatization after taxpayers and staff did the heavy lifting.
Standing in full solidarity with IDBI Bank employees on strike. ✊
#IDBIStrike #SaveIDBI #IDBI
Profits shouldn't mean privatization after taxpayers and staff did the heavy lifting.
Standing in full solidarity with IDBI Bank employees on strike. ✊
#IDBIStrike #SaveIDBI #IDBI
PSB Punch retweeted
देश की संपत्ति कौड़ियों में बेचने की कीमत ऐसे लगाई जाती है?😢
We Demand Action Against Those Involved in Conflicts of Interest!
#RollBackIDBISale
@RahulGandhi @INCIndia @SupriyaShrinate @Pawankhera @yadavakhilesh @AamAadmiParty
The Fairfax Network!!!
Fairfax Group Board Looked Like Govt Re-union!!!
Some joined Fairfax linked companies years before the IDBI sale. Others joined during it. Their appointments and tenures need to be read against the chronology, rather than treated as a single wave of recruitment.
#IDBISaleScam #IDBI
@BWBusinessworld
The Fairfax Network!!!
Fairfax Group Board Looked Like Govt Re-union!!!
Some joined Fairfax linked companies years before the IDBI sale. Others joined during it. Their appointments and tenures need to be read against the chronology, rather than treated as a single wave of recruitment.
#IDBISaleScam #IDBI
@BWBusinessworld
PSB Punch retweeted
#SaveIDBIBank
Today it's IDBI,Who knows who are next😠,Don't go for black badge,go for Indefinite Strike,IDBI unions are affiliated with you @AIBEAofficial and @AIBOAOFFICIAL .@ufbu
PSB Punch retweeted
#13BPS
#AISBISF
In 13 BPS Clerk basic salary must be increased to 34050,as employees are handling more pressure.
@ncbeofficial @sbisu_official
@LChandrase57170
Customer to employee ratio at #SBI (2014 vs 2026)👇
✔️2014: 987 customers per employee
✔️2026: 2,162 customers per employee
•✔️Total headcount growth: Just 10.4%
@TheOfficialSBI @RupeetoolByFGM
PSB Punch retweeted
High Level Committee on Banking reforms without a single member from any commercial bank. 🤡
Won't be surprised if it recommends to merge State bank of India with Jio Payment Bank and make it Jio Bank of India.
The IDBI sell off is an outright scam. Not even the government’s 2 rupee troll army can spin this level of damage control.
Privatizing public profit after taxpayers absorbed the bad loans is unacceptable. #StopPrivatisation #IDBIBank #IDBINotForSale #IDBISaleScam
High Level Committee on #5DaysBanking !!!
V/S
High Level Committee on Banking for Viksit Bharat!!!
@PIB_India
First, make policies to sell public assets.
Then, join the foreign firm bidding to buy them.
Connect the dots,Guys!!!!
#IDBINotForSale #IDBI #IDBISaleScam
PSB Punch retweeted
Madam @nsitharaman 🙏
You are right that IDBI was pulled out of it's bad loans and put back on its feet. Appreciate U for this.👏
But that money came from taxpayers and LIC policyholders, so it was the public that carried the risk. Now that the bank has earned ₹30,105 crore in six years and is ready for "the next phase of growth", why should the public lose the benefit?
You say all due process was followed. Then make both valuation reports public and explain why the deal was struck at ₹81 against a reported reserve price of ₹94.42. A sound decision has nothing to fear from transparency.
You spoke of a rulebook, not a phonebook. That same rulebook holds the 2003 assurance to Parliament that the government's stake would not fall below 51%. Keep that promise, keep 51%, and protect the service conditions of employees in writing. #StandWithIDBI
Cleaned the Mess, Built the Profits, Queued for Sale!!!
Stop privatisation of PSBs!!!
#IDBINotForSale #IDBISaleScam
PSB Punch retweeted
Sensational Details of @IDBI_Bank -Fairfax Deal: First They Saw the Bid. Then They Set the Price.
Internal Finance Ministry note shows officials opened Fairfax's offer for IDBI Bank, then ordered new valuations under new rules. The price the bank was "worth" came in below the bid.
businessworld.in/article/sen…
PSB Punch retweeted
businessworld.in/article/sen… My congratulations for this timely and superb exclusive from @palakshahjourno. Exposing the shameful conduct of the government. @IDBI_Bank
PSB Punch retweeted
A BusinessWorld investigation based on internal government minutes raises disturbing questions about the IDBI Bank sale to Fairfax for ₹52,878 crore.
Fairfax’s initial bid of ₹75 per share was below the confidential reserve price of ₹94.42.
So what did the government do?
Changed the valuation methodology, invited revised bids from only two shortlisted entities and accepted Fairfax’s revised offer of ₹81 — still well below the original reserve price.
Crucial questions emerge:
❓Why weren't fresh bidders invited after the rules changed?
❓On what legal basis was the bidding process altered?
❓Why is the identity of the other bidder, rejected by the Home Ministry on national security grounds, being withheld?
❓And above all, why was the government in such a hurry to sell?
🔔Remember, LIC had pumped ₹21,624 crore of public money into rescuing IDBI Bank in 2019🔔
When public money rescues a bank, who gets to decide how it is sold, on what terms, and at whose cost?
Share via: share.google/poPVZ1kci9jhSts… Crony Footprints All Over IDBI Bank Sale m.thewire.in/article/governm… via @thewire_In
