Business
13h ago
IDBI Bank Sale Row: Rahul Gandhi vs Nirmala Sitharaman | Congress, BJP Clash Over Deal
A fresh political battle has erupted over the strategic disinvestment of IDBI Bank, with Congress leader Rahul Gandhi questioning the Modi government's handling of the sale and Finance Minister Nirmala Sitharaman delivering a sharp counterattack. Rahul Gandhi has accused the government of selling an institution created to support India's industrial development, while expressing solidarity with IDBI Bank employees. Sitharaman has rejected allegations of procedural irregularities, defended the bank's revival and accused previous Congress governments of political interference in banking. At the centre of the controversy is the proposed transfer of a 60.72% stake, involving holdings of the government and LIC, alongside questions about valuation, employee protection and public accountability. What does the dispute mean for IDBI Bank's future? Why has privatisation become such a heated political issue? And what could it mean for India's broader disinvestment strategy? Watch Business Today TV's detailed special report on the controversy.