BusinessPhoto: Mint CompaniesIDBI Bank employees' service conditions to remain unchanged after sale
The service conditions of IDBI Bank employees will remain unchanged following the proposed sale of over 60% equity to Canada's Fairfax Financial Holdings for ₹52,878 crore, said Arunish Chawla, Secretary of DIPAM. He assured existing employees and pensioners that their benefits and service terms cannot be altered to their disadvantage. Protests and a strike call by bank staff have emerged against the disinvestment plan. A dedicated pension fund will honor all commitments to pensioners.
Mint Companies·




