IDBI Officers Seek White Paper as Stake Sale to Foreign Investors Faces Pushback
IDBI Officers’ forum urged the finance chair to seek a parliamentary White Paper on IDBI Bank amid Centre plans for strategic disinvestment. The Centre said 60.72% equity would be offered with transfer of management control, leaving the government with 15% and LIC with 19%. The White Paper should address property and legacy land-title issues, reservation effects, foreign-control implications, lock-in terms, inclusion obligations and public-interest justification.