IDBI Bank Staff Strike Over Fairfax Stake Sale
IDBI Bank employees and officers held a two-day nationwide strike against the proposed sale of a majority stake to Canada's Fairfax Financial Holdings, which ended on Tuesday. The union will decide its next step at a meeting on November 10. It may seek support from other groups, and wider protests are being considered.
Context
Context: IDBI Bank has long been majority-owned by the government and LIC, so selling control to a private investor is a major step that unions have opposed.
Burning Potato score: 63%