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IDBI Bank employees to go on strike on Aug 30 against 51% stake sale to LIC

Other Bank employees to hold protest, agitations and finally a strike against Government decision

IDBI
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LIC is yet to reduce its crossholding in UTI MF to comply with the diktat and, with the AMC’s listing hanging fire, a possible stake sale in the near future looks unlikely

T E Narasimhan Chennai
Employees of IDBI across the country are planning to go on strike on August 30 to pressurise the government not to privatise IDBI Bank. All India Bank Employees will be supporting IDBI Bank employees through agitations and protests and it will be followed by a strike, threatened All India Bank Employees Association.

The decision was taken at a meeting of the representatives of All India Bank Employees Association (AIBEA), All India Bank Officers' Association, All India IDB Employees' Association, All India IDBI Officers' Association at Chennai on Tuesday.

The Associations want the government to stop privatisation of IDBI Bank, government should keep