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IPO in RRBs: Bankers Submit Memorandum Warning Strike
A nationwide protest by Regional Rural Bank unions is underway. Employees will gather at Jantar Mantar, New Delhi, opposing the Initial Public Offering move in Regional Rural Banks.
Author: Kalyani Mali
Published: 4 hours ago
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Regional Rural Bank (RRB) employees and officers, under the banner of multiple unions, are mobilising nationwide to oppose the central government’s plan of introducing Initial Public Offerings (IPO) in RRBs. As part of the ongoing agitation, memorandums have been submitted to Members of Parliament (MPs) and authorities, culminating in a dharna before Parliament on August 19, 2025, at Jantar Mantar, New Delhi.
Nationwide Submission of Memorandums
AIRRBEA members and state units have actively reached out to Members of Parliament across different regions.
Karnataka
Memorandums against IPO were submitted in New Delhi by the Karnataka unit to Sri Mallesh Babu (MP, Kolar), Dr C N Manjunath (MP, Bengaluru Rural), and Sri Govind Karjol (MP, Chitradurga).
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Image: Memorandum to Sri Mallesh Babu
Image: Memorandum to Dr C N Manjunat
Image: Memorandum to Sri Govind Karjol
Telangana
The Telangana Grameena Bank Officers’ Association (TGBOA) and Telangana Grameena Bank Employees’ Union (TGBEU) submitted memorandums against IPO in New Delhi to Dr Kadiam Kavya Garu (MP, Lok Sabha, Warangal) and Sri Chamala Kiran Kumar Reddy Garu (MP, Lok Sabha, Bhongir).
Image: Memorandum to Dr Kadiam Kavya Garu
Image: Memorandum to Sri Chamala Kiran Kumar Reddy Garu
MP Unit — Daman & Diu & Kerala
Memorandums against IPO also were submitted by the MP unit to Sri Umeshbai Patel (MP, Daman & Diu) and Sri V. Sivadasan (Rajya Sabha MP, Kerala).
Image: Memorandum submitted to Sri Umeshbai Patel and Sri V. Sivadasan
West Bengal & Assam Unit
On August 18, 2025, a delegation led by Abdul Sayeed Khan (GS, NFRRRBS/AIRRBEA), Tarun Chakraborty (GS, WBGBOA), Debasish Mondal (GS, WBGBEA), Prasenjit Mitra (President, WBGBOA) and Soumen Mondal (Secretary, WBGBEA) met Sri P.K. Bharadwaj, CGM, NABARD, Kolkata. After detailed discussions, they submitted a memorandum to the Ministry of Finance, Department of Financial Services (DFS), through NABARD, opposing the IPO route in RRBs.
Union’s Standpoint
Speaking on the issue, Kirthiraj Hidkal, General Secretary, NFRRBO, stated “The Central Government has asked sponsor banks to suggest RRBs for IPOs, which would allow 49% ownership outside government hands and lead to privatisation. To oppose this, all apex RRB unions formed RRBs Apex Unions Against IPO, held a meeting on 3rd July 2025, and served notice to DFS on 9th July. As decided, black badge protests, social media campaigns, dharnas at RRB head offices, deputations to NABARD, and memorandums to DFS have been completed.”
“He concluded by stating that memorandums have already been submitted to six MPs, who have also been invited to attend the dharna at Jantar Mantar on 19th August 2025.”
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