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IDBI Bank

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2026

    IDBI Bank employees strike over planned privatization

    Public backlash

    IDBI Bank employees began a two-day nationwide strike to protest the planned privatization of the lender. The employees called on the Central government to scrap the sale of the bank to Fairfax Financial Holdings. The strike was reported as a response to the planned privatization and the proposed sale to Fairfax Financial Holdings.

    Stated objective. Protest the planned privatization and call on the Central government to scrap the sale to Fairfax Financial Holdings.

    Source excerpt

    • IDBI Bank Ltd. employees started a two-day nationwide strike on Monday to protest against the planned privatization of the lender, calling on the Central government to scrap the sale to Fairfax Financial Holdings Ltd.
    • More than 10,000 staff across over 2,000 branches will participate in the agitation on November 2 and November 3, according to a statement by the United Forum of IDBI Officers & Employees posted on social media platform X.
    Source

  2. 2026

    IDBI workers call strike opposing proposed takeover

    Public backlash

    The United Forum of IDBI Officers and Employees called for a two-day nationwide strike opposing the proposed sale of IDBI Bank to Fairfax. The union also raised concerns about the sale's transparency and valuation.

    Source excerpt

    • On Sunday, the United Forum of IDBI Officers and Employees called for a two-day "nationwide" strike against the sale of the bank to Fairfax.
    • The workers' union also expressed " grave concerns " about the transparency of the sale and valuation process, according to a post on X.
    Source