New Delhi :IDBI Bank on tuesday said its all-India Officers' Association will observe a one-day nationwide hunger strike on March 30, over various demands."The Bank is in receipt of notice of one-day nationwide hunger strike on March 30, 2019 from All India IDBI Officers' Association (AIIDBIOA) addressed to MD & CEO, IDBI Bank in support of their various demands," IDBI Bank said in a stock exchange filing.
The Officers' Association has been protesting over RBI categorising IDBI Bank as a private sector lender with effect from January 21, 2019, pursuant to LIC acquiring 51 per cent controlling stake in the bank.For December quarter of this fiscal,
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IDBI Bank reported widening of loss to Rs 4,185.48 crore as bad loans surged.The bank's gross non-performing assets (NPAs) shot up to 29.67 per cent of gross advances as at December 31, 2018, against 24.72 per cent in the year-ago period.
