Company Directory - IDBI Bank Limited
Company Details - IDBI Bank Limited
IDBI Bank Limited
WebsiteMumbai, India
IDBI Bank Limited is a public sector bank in India that offers a wide range of banking and financial services including retail banking, corporate finance, and infrastructure financing. With a strong focus on supporting economic development, the bank has established a significant presence across the country through an extensive network of branches.
CCI Score
CCI Score: IDBI Bank Limited
8.70
Latest Event
Bank Employee Strike Highlights Labor Issues at IDBI Bank Limited
A planned 48-hour strike by over eight lakh bank employees across many public sector banks highlights mounting grievances over inadequate staffing, outsourcing of permanent jobs, and overall unfair labor practices. Notably, demands include maintaining a minimum of 51% government equity in IDBI Bank to safeguard job security and proper labor standards.
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OBJECTOR
IDBI Bank Limited is currently rated as an Objector.
Latest Events
- MAR232025
A planned 48-hour strike by over eight lakh bank employees across many public sector banks highlights mounting grievances over inadequate staffing, outsourcing of permanent jobs, and overall unfair labor practices. Notably, demands include maintaining a minimum of 51% government equity in IDBI Bank to safeguard job security and proper labor standards.
- OCT192024
IDBI Bank employees have escalated their protest against the proposed privatization of the bank and report a toxic work environment, highlighting significant labor relations concerns.
-60
Labor Relations and Human Rights Practices
March 17
The article details how IDBI Bank employees are intensifying their protest against privatization and a toxic work culture. This indicates systemic issues in labor relations and human rights practices within the bank. Such negative labor practices reflect poorly on the company's commitment to fair treatment of employees and uphold concerns against worker exploitation, themes that resonate with anti-fascist priorities.
IDBI Bank Employees Intensify Agitation Against Privatisation and Toxic Work Culture
- MAR282024
IDBI Bank Limited has adopted an ESG Policy, effective from March 28, 2024, emphasizing ethical business practices, robust corporate governance, transparent public advocacy, and sustainable lending practices. The policy aims to align the bank’s operations with national and global ESG standards and promote responsible, inclusive growth.
+60
Public and Political Behavior
March 17
The ESG Policy outlines strong commitments to ethical public advocacy, transparent engagement with regulators, and adherence to robust corporate governance standards. These measures enhance accountability and reduce risks associated with politically-driven or opaque decision-making, aligning the bank with values opposed to authoritarian practices.
+80
Business Practices and Ethical Responsibility
March 17
The ESG Policy emphasizes ethical business practices, compliance with regulatory standards, commitment to labor rights, fair lending, and transparency. These initiatives reflect a high standard of corporate responsibility and reduce complicity in abusive business practices.
+50
Technology and Services Impact
March 17
The policy includes provisions for cyber security and information security, ensuring confidentiality, integrity, and availability of data. This focus reduces the risk of the bank's technologies being misused for repressive or authoritarian purposes, thereby contributing positively on this front.
+40
Economic and Structural Influence
March 17
The bank’s commitment to sustainable and safe operations through responsible lending, environmental performance, and community development demonstrates moderate economic restraint. Its focus on sustainable financing and ethical economic practices limits its engagement with authoritarian regimes or policies that undermine public welfare.
- OCT012023
IDBI Bank Ltd. has published a comprehensive Human Rights Policy that emphasizes ethical labor practices, workplace safety, non-discrimination, and diversity. The policy outlines clear commitments to uphold human dignity, fair remuneration, and transparent grievance mechanisms, reflecting a positive stance in support of human rights and worker welfare.
+80
Labor Relations and Human Rights Practices
March 17
The Human Rights Policy detailed by IDBI Bank demonstrates a strong commitment to upholding labor rights and ethical business conduct. The policy promotes safe and healthy work environments, prohibits discriminatory practices, supports workforce diversity and inclusion, and ensures transparent grievance redressal mechanisms, all of which are critical in resisting oppressive practices and promoting human dignity. This initiative scores highly under the 'Labor Relations and Human Rights Practices' category.
- MAR052022
Employee unions have staged a protest against the proposed privatization of IDBI Bank, arguing that such a move could undermine worker rights and weaken established union protections, ultimately compromising labor relations and social welfare.
-40
Labor Relations and Human Rights Practices
March 17
The protest highlights deep concerns over the privatization of IDBI Bank, which employees fear will erode hard-won labor rights and undermine union influence. From an anti-fascist and pro-labor perspective, this move is seen as aligning with neoliberal policies that compromise the fair treatment of workers and could lead to increased exploitation. The strong response from employees underscores the contentious impact of privatization on labor relations, warranting a negative score in this category.
Employees' unions protest against privatization of IDBI Bank
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