Indian Bank staff say swapping bosses may not help IDBI Bank

Govt should have acted on defaulters instead of changing top executive in IDBI Bank, they say

Even as the Government of India for the first time swapped the top executives of two public sector banks -- Indian bank and IDBI Bank Ltd -- employees of the former asserted that the government could have looked at other traditional options if it had to appoint a new head for IDBI Bank. They said the current decision may not serve the purpose it has been intended for.

The share price of Chennai-based Indian Bank continues to decline for the second consecutive day after the Government of India notified the swapping of IDBI Bank Ltd Managing Director & Chief Executive Officer