IDBI Officers urge merger with government bank for protection
pre-market1 source ↓written by the desknot a recommendation
- and small borrowers
- 20,000 employees
The All India IDBI Officers’ Association has requested a merger of IDBI Bank with a public sector bank to safeguard depositors, MSMEs, and employees. They argue that selling to private investors could jeopardize the interests of over 20,000 employees and small borrowers. This move may influence market sentiment regarding IDBI's future operations and stability.
Not investment advice. For informational purposes only.