Archive · 12 Sep 2025
AIBOA to Protest IDBI Bank Stake Sale to Private Investors
Imagine a bank, IDBI Bank, that the government and a big insurance company, LIC, own.
The government wants to sell some of their ownership to private companies or even foreign investors.
The All India Bank Officers’ Association (AIBOA) does not like this idea.
They believe banks should be run by the government.
They are worried that foreign investors taking over Indian banks would be bad.
AIBOA plans to protest, which might cause some problems for customers.
They compare it to the entry of the East India Company.
The government's goal is to sell a large part of its and LIC's shares in IDBI Bank.
AIBOA plans to protest the sale of government and LIC stakes in IDBI Bank.
The government began the disinvestment process in October 2022.
LIC holds 49.24% and the government holds 45.48% stake in IDBI Bank.
The government and LIC plan to sell a total of 60.72% of IDBI Bank's equity.
Four entities are competing to buy a majority stake in IDBI Bank.
- Who
- The All India Bank Officers’ Association (AIBOA) and the Government of India.
- What
- AIBOA is protesting the sale of the government and LIC's stake in IDBI Bank.
- When
- The government started the disinvestment process in October 2022. This article was published on September 12, 2025.
- Where
- IDBI Bank, India.
- Why
- AIBOA wants to maintain the public sector character of the bank and prevent foreign control of the Indian banking sector.
- Stakeholders Involved
- Government of India, LIC, AIBOA, potential investors
- AIBOA Stance
- Opposes the sale; will protest
- Government's Action
- Initiated strategic disinvestment in October 2022
- Entities in Race
- Emirates NBD, Fairfax India, Kotak Mahindra Bank, Oaktree Capital
- Government's Stake
- 45.48% in IDBI Bank
- LIC's Stake
- 49.24% in IDBI Bank