Mumbai 8th August 2025 : Assistant Labour Commissioner Central, Mumbai intervened in the proposed strike call given by banks United Forum of Officers and Employees on 11th August, 2025. But the management was casual in its approach and apathetic in addressing the concerns of the employees and hence the strike has become eminent. Ministry of finance and secretary time and again have been taking the position that whether it is merger of disinvestment all the decisions are bored driven since govt. has granted them autonomy while IDBI management takes a position on record that they are not aware of the developments in this regard and hence they cannot take any position on the issue.
Striking employees have organised Dharna on the Saturday 9th August, 2025 at Azad Maidan with a call for “Chale Jao” to the proposed buyer who most likely is Emirates NBD from Dubai again foreign entity. The govt. which speaks of Swadeshi and selfReliance is surrendering financial autonomy of sovereign India to the foreign entities.
Already Laxmi Vilas Bank has been taken over by Singapore based DBS Group, Japanese Group SMBC is in the process to take over Yes Bank and now Dubai based NBD is in the process to take over IDBI and with the India signing free trade agreement with UK and may be with EU move number of foreign entities will eye on Indian Banks and Insurance Companies to acquire and thus economic sovereignty of India will be jeopardized.
United Forum of IDBI Union has clarified that all the employees and officers who are unionized with observe the strike on 11th August, 2025 to which major national level unions such as AIBOC, AIBEA, AIBOA & BEFI have supported and have assured that if govt. goes ahead with its plan they will jump into direct action including strike since the danger of privatization is restricted not only with the IDBI but entire banking and insurance sector is at stake, economic independence and sovereignty is in danger.
