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Bank officers protest IDBI Bank stake sale

Demand govt should strengthen forums like Debt Recovery Tribunal by giving teeth to them

BS Reporters  |  Gurgaon\Mumbai 

A section of bank officer’s today staged demonstration at Gyan Sangam, a two day retreat for banks and financial institutions, in Gurgaon to protest against government's plans to privatise IDBI Bank. Harvinder Singh, Senior Vice-President, All India Bank Officers' Confederation (AIBOC) said the proposal and move to bring-down government's stake in IDBI Bank below 50% without any apparent rationale is condemnable as it is with ulterior motives.   "We held peaceful demonstration outside at Venue and handed-over memorandum addressed to RBI ...

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