I am an employee of IDBI Bank, and I am deeply concerned about the government's proposed move to privatise our institution. For many of us, IDBI Bank is more than just a workplace; it represents our livelihood, our community, and our shared commitment to serving the financial needs of our fellow citizens.

Privatisation of IDBI Bank could have far-reaching negative consequences, not just for employees but also for customers and the broader economy. Historically, this bank has served as a vital financial pillar, playing a key role in the development of industries and small businesses across India. Privatising such an institution may lead to job insecurity for thousands of employees, a reduction in the services offered to underprivileged communities, and a possible focus shift towards profit maximisation at the expense of service quality.

Data from past privatisation efforts have shown that employee layoffs, closure of rural branches, and higher fees often follow. For example, the cases of previously privatised banks indicate a significant downscaling in core banking services that many communities rely on. These decisions disproportionately affect vulnerable and rural populations who depend on affordable and accessible banking services.

By keeping IDBI Bank in the public sector, the government can ensure that the bank continues to prioritise national economic development and social welfare over profits. We believe that IDBI Bank as a public sector bank can continue to pursue its mission of inclusive growth and equitable access to financial services for all.

We urge the government to reconsider its stance and to halt any plans for the privatisation of IDBI Bank. Public sector banks like IDBI are needed now more than ever to support economic stimulus and growth in India, especially post-pandemic.

Please join me in this crucial fight for our future. Sign this petition today to help secure the stability and continued public service mission of IDBI Bank.