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IDBI Bank Divestment Prompts Employees to Seek Valuation Review

IDBI Bank logoIDBI Bank
Sig1.85Sen-2.20Env0.00Soc-1.00Gov-2.00

The United Forum of IDBI officers and employees has urged IDBI’s chairperson and Parliament’s Standing Committee on Finance to scrutinize the valuation methodology for the proposed divestment of IDBI Bank. It calls for assessment of land and property assets, including market, book, replacement, franchise, and strategic values, and verification that independent valuers and development potential are fully reflected in the deal price.

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