Signal Desk · Companies

Rahul Gandhi attacks govt over IDBI bank sale row

2026-10-30 · 1 source · Business Standard Companies

In short

Rahul Gandhi criticized the government over the IDBI Bank sale row and said he stood with employees. He questioned why a profitable public bank should be sold to a Canadian firm.

The issue matters because it has turned into a political fight over public banks and disinvestment. The reporting does not say which Canadian firm is involved or how far the sale process has gone.

What the reporting says

Rahul Gandhi attacked the government over the IDBI Bank disinvestment row and voiced support for employees, according to a publisher summary. He questioned selling a profitable public bank to a Canadian firm, while Finance Minister Nirmala Sitharaman hit back and accused the Congress of treating banks and financial institutions as personal entities. The reporting does not name the buyer or give details of the sale process.

Why it matters

Rahul Gandhi criticized the government amid the IDBI Bank disinvestment row, backing employees and objecting to the sale of a profitable public bank to a Canadian firm. Finance Minister Nirmala Sitharaman responded by accusing Congress of using banks and financial institutions as personal entities and pushing loans outside prudent norms. The story is a political and corporate-policy dispute; the reporting does not identify the buyer or confirm the final status of the transaction.

Touches: IDBI Bank, Banking, Companies, Government

Sources