From Tata row to IDBI Bank sale: Rahul Gandhi vs Nirmala Sitharaman round 2

Amid the disinvestment debate surrounding IDBI Bank, Congress leader Rahul Gandhi has voiced support for the employees and questioned the government's plan to sell the profitable bank to a Canadian firm. In a letter to IDBI Bank employees, Gandhi emphasized that public banks are not assets to be sold but tools to build the nation.

He highlighted that IDBI Bank, once a development bank, became profitable in recent years after facing losses. The government's decision to sell 60.72% of IDBI Bank to Fairfax Financial Holdings, valued at around Rs 53,000 crore, has drawn criticism from Gandhi, who urged the government to protect the employees' rights and reservation for SC, ST, and OBC candidates.