The two-day strike taking place on November 2 and 3, 2026, aims to block the transfer of ownership to the Canadian investment firm. To soften the operational blow, the bank maintained digital portals like Go Mobile+ and UPI while making non-IDBI ATM withdrawals entirely free. Meanwhile, the United Forum of IDBI Officers & Employees petitioned Mumbai conciliation authorities regarding alleged administrative intimidation against participating workers. Broader industry solidarity also emerged through a badge-wearing protest organized by the United Forum of Bank Unions.
Key points
Customers were instructed to rely on digital channels or alternative terminals to complet…: Customers were instructed to rely on digital channels or alternative terminals to complete necessary financial operations during the shutdown.
Union leadership submitted recorded evidence to a Mumbai conciliation officer alleging ex…: Union leadership submitted recorded evidence to a Mumbai conciliation officer alleging executive threats against striking personnel.
The United Forum of Bank Unions coordinated a badge-wearing solidarity campaign across th…: The United Forum of Bank Unions coordinated a badge-wearing solidarity campaign across the sector on November 2.
Sources checked by our analysis pipeline: 1
IDBI Bank employees begin their two-day strike (November 2 and 3, 2026) today. These bank employees are opposing the government’s decision to sell IDBI Bank’s own and the Life Insurance Corporation of India’s (LIC) 60% stake in the bank to Canadian investor Fairfax Financial Holdings.
Even as the two-day strike started, IDBI has issued a customer advisory, suggesting them to use digital channels.
In a social media post on X, IDBI has said that due to the proposed strike on November 2–3, 2026, digital channels (Go Mobile+, net banking, UPI), Automated Teller Machines (ATMs), and Customer Service Points (CSPs) will remain fully operational.
The bank also informed that non-IDBI ATM cash withdrawals will be free of charge.
What did IDBI Bank say in its social media message?
In the message available on its X account, IDBI said: “IDBI Bank has received a notice of strike by the association/union on November 2 and 3, 2026. The bank will endeavour to keep all banking transactions normal during the proposed days of the bank strike.” IDBI further said that as a measure of…
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