Nilesh Christopher

Chennai: The employees of the State-run Industrial Development Bank of India (IDBI) went on a four-day all-India strike from March 27 to 31 to protest against the privatisation of the bank. While the decision to privatise has been welcomed by the IDBI management, its employees have condemned the proposal.

Finance Minister Arun Jaitley, in his Budget proposal said that the government will consider relinquishing control over the IDBI by reducing its stake to less than 50 per cent from the current 80.2 per cent.

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