Rashmiranjan Panda Bhubaneswar : All india IDBI Officers Association(AIIDBIOA) Of Bhubaneswar Zone arranged a Physical meet at a Hotel here in Bhubaneswar. In this Programme General Secretary AIIDBIOA Vithal Koteswara Rao, Bhubaneswar Zone Secretary Goutam Pattanaik, President Lalatendu Behera, Vice President Debabrata Behera Attended the Metting.
The Subject of the Metting was to Request to defend the public sector Character of IDBI Bank. IDBI Bank being in public Sector has always been engaging with social sector banking alongside profitable Banking. IDBI Bank is having more than 18.72 lakh under the Pradhan Mantri Jandhan Yojana (PMJDY), more than 10.86 Lakh Bank account holders under Pradhan Mantri Surksha Bima Yojana (PMSBY) more than 3.81 Lakh Bank account holders under Pradhan Mantri Jeevan Bima Yojana (PMJJBY) more than 5.48 Lakh bank account holders under Atal Pension Yojana (APY) 191 Aadhar Enrolment Centres, One Rural Self Empolyment Training Institute (IDBI-RSETI) at Satara District which trained 7,165 candidates out of which 5,241 have reported settled.
Due to re-classification of IDBI Bank as a “private sector bank” by RBI, Metro and Urban Braches of IDBI Bank stopped providing interest subvemntion KCC loans to Farmers since March, 2019, If the Bank goes into the banks fo private / foreign players even the Semi-urban and Rural branches will be stopped from lending to farmers; giving small loans viz. MUDRA/ PMSVANIDHI/Stand Up India are normally offered as unsecured loans to small business customers may be stopped; unsecured small Education Loans to needy and poor students will no longer be available.
The central govt. being promoter with 45.48% shareholding general public have reposed their continued faith in IDBI Bank because of which the deposits in IDBI Bank stood at Rs.3,10,294/ – crores as on 31.03.2025. If IDBI Bank is sold, the hard earned money of common man and general public will be in peril.
It is roted that, IDBI Bank has been earning ner profits for the last five years i.e. Rs.1,359 Cr. 2020-21, Rs.2,439 Cr. 2021-22, Rs.3,645 Cr.2022-23, Rs.5,634 Cr. 2023-24 and Rs.7,515 Cr. 2024-25.
The proposed sale of IDBI Bank with 2,106 Branches by the Central Government (45.48% shareholding) and LIC of India (49.24% shareholding) is against the interest of the Depositors, the Small Agriculture farmers and MSME borrowers, 20,000+ Employees of IDBI Bank and the policy holders of LIC of India. As on 31.03.2025, there is a representation of SC (2,923), ST (1,156), OBC (5,415), EWS (675), female (6,911) and differently abled (884) employees and workers in the total manpower of IDBI Bank. Those underprivileged sections of the Society will be casualty consequent upon Privatization.
On the background, they earnestly urge upon to revisit the decision in the interest of social Banking, underprivileged sections of the Society and in the interest of common man and 
look forward with great hope to stand by National Interest.
The AIIDBIOA requested Government of India to secure back 6% from the market or from LIC of India to have 51% of Government equity, thereby to honor the assurances made in both the floors of the Parliament. To advise the Reserve Bank of India (RBI) to treat IDBI Bank as a Public Sector Bank for regulatory purposes, as Government of India and LIC of India are holding 95% of the equity in IDBI Bank to restore the character of Development Banking to IDBI Bank.
