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IDBI Bank employees strike against proposed privatisation

Nationwide · pinned on Mumbai, India · since Nov 2, 2026

Is it still on?

YESDay 2 and counting, since Nov 2.

Last report · checked

The Tea in three lines

Why they are protesting
Employees are protesting the proposed privatisation and transfer of control of IDBI Bank to Fairfax Financial Holdings.
What they want
Scrap the sale to Fairfax and halt the privatisation of the bank.
What changed
Nov 2: IDBI Bank employees began a two-day nationwide strike against the planned sale of the lender.
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Both sides

What protesters want

  • Scrap the privatisation process
  • Cancel the sale of the bank to Fairfax
  • Ensure transparency in the sale process

Organised by: United Forum of IDBI Officers & Employees

What authorities say

According to local media reports, the government pledged to protect employee pensions and service conditions, while the buyer assured there would be no job cuts.2

The numbers

Only figures a source states, with who said it. Estimates often differ.

Crowd
10,000+
More than 10,000 employees12

The full story

Employees of IDBI Bank initiated a two-day nationwide strike on November 2, 2026, to protest against the planned privatisation of the lender and the proposed sale of a controlling stake to Canada's Fairfax Group. The industrial action was organized by the United Forum of IDBI Officers & Employees. Participants argued that the bank's recent financial turnaround was achieved through public investment and employee efforts, raising concerns regarding transparency and national interest. In response, the government and the buyer assured that service conditions, pensions, and jobs would be protected.

Timeline

  1. IDBI Bank employees started a two-day nationwide strike against the planned privatisation.12

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