Rahul Gandhi Backs IDBI Bank Employees, Questions Sale To Canada's Fairfax Financial Holdings
New Delhi: Amid the IDBI bank disinvestment row, Congress leader Rahul Gandhi has expressed solidarity with the bank employees and questioned the government's decision to sell off the profitable public bank to a Canadian firm. The Leader of Opposition in the Lok Sabha asserted that public banks are not assets to be sold off, they are tools to build the nation. Rahul Gandhi's Letter In a letter…
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.
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