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IDBI Bank is Seems To Be Private Bank

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Offline Sora

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IDBI Bank is Seems To Be Private Bank
« on: February 29, 2016, 04:25:14 PM »

IDBI Bank is Seems To Be Private Bank as the intention shown by finance minister in his budget speech.

Business Standard Quoted
Quote
"Union Finance Minister Arun Jaitley said in his Budget speech that the government has started the process of transformation of IDBI Bank and will look at bringing down government's stake in the bank below 51%.,

Currently, government's stake in the bank is more than 80%.Now time for other Public Sector Banks to be in line.


Offline raj

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Re: IDBI Bank is Seems To Be Private Bank
« Reply #1 on: February 29, 2016, 04:37:38 PM »
IDBI Bank Management was earlier private only. Employees doesn't have any impact. Bank would merge with any other banks.

 

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