"IDBI Bank Handed To Us In Bad Shape": Nirmala Sitharaman Hits Back At Rahul Gandhi

Rahul Gandhi has opposed the government's decision to sell its 60.72% stake in IDBI Bank to the Canadian company Fairfax. According to the Free Press Journal, Gandhi questioned why a profitable public bank is being sold, asserting that public banks are tools for nation-building rather than assets to be sold off. He also expressed solidarity with the bank's employees, noting that they had previously met him to ask why a bank they had made profitable was being divested.

The Hindustan Times reports that Gandhi warned the sale could result in the end of protections and reservations for employees. NDTV - India News noted that Gandhi's opposition to the sale and his expression of support for the staff occurred a day before the government's response.

Brief written by urgent.news from NDTV - India News, Hindustan Times, Free Press Journal — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.