Privatising IDBI Bank: Profit Over Public Purpose

The proposed privatisation of IDBI Bank has sparked widespread protests, with critics warning it could derail India's development goals. Once a key Development Financial Institution (DFI), IDBI funded crucial sectors like infrastructure and industry. Experts argue that privatisation will shift focus from public service to profit, undermining long-term national priorities. Global examples show DFIs work best under public ownership. The debate over IDBI’s future is now a larger question of whether India values inclusive growth or private gain.