Is IDBI a Test Case for PSB Privatisation? UFIOE Convenor Speaks Out

In this exclusive conversation, Convenor of United Forum of IDBI Officers and Employees (UFIOE) Devidas Tuljapurkar discusses the government’s push to privatise IDBI Bank and what it signals for the future of India’s public sector banking system. Despite continued opposition from employees' unions, the Centre remains committed to IDBI Bank’s strategic disinvestment. Tuljapurkar explains why many in the banking sector see IDBI as a pilot model for wider PSB privatisation, and what this means for financial stability, public accountability, and national economic priorities. He also outlines AIBEA’s key demands and safeguards for employees if IDBI fully exits government control including job security, service conditions, and long-term protection of public banking values.