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IDBI Bank claims strike against stake sale failed; unions beg to differ

Tue March 29 2016, 5:08 pm
  • IDBI Bank, IDBI Bank strike, IDBI privatisation, IDBI employee, arun jaitley, IDBI Bank strike arun jaitley, arun jaitley stake, arun jaitley stake sale proposal

    Most banks, including SBI, feel that in case the strike goes ahead, their services are likely to be impacted (PTI)

  • IDBI Bank, IDBI Bank strike, IDBI privatisation, IDBI employee, arun jaitley, IDBI Bank strike arun jaitley, arun jaitley stake, arun jaitley stake sale proposal

    The IDBI Bank claimed that none of their services were disrupted following the nationwide strike except in Karnataka, where the High Court has asked unions not to go on strike. "All banking services like front-office services, back-office operations including cheque clearing, remittances, RTGS/NEFT, transaction banking services, treasury operations have been functioning normally," IDBI Bank said in a statement. (Reuters)

  • IDBI Bank, IDBI Bank strike, IDBI privatisation, IDBI employee, arun jaitley, IDBI Bank strike arun jaitley, arun jaitley stake, arun jaitley stake sale proposal

    But the unions gave a different picture. "The strike was a grand success. All the offices and branches of the bank remained closed today," UFIOE, which called for a one-day strike, said in a statement. (Reuters)

  • IDBI Bank, IDBI Bank strike, IDBI privatisation, IDBI employee, arun jaitley, IDBI Bank strike arun jaitley, arun jaitley stake, arun jaitley stake sale proposal

    Asian Development Bank and International Finance Corporation, as well as other investors are in talks for state-owned IDBI Bank's Rs 3,771-crore stake sale via qualified institutional placement route.

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