April 2, 2016 9:56 PM

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Delhi CM urges PM Modi to stop privatization of IDBI

Delhi Chief Minister Arvind Kejriwal on Saturday wrote to Prime Minister Narendra Modi requesting him to stop proposed privatisation of IDBI Bank.In a letter, Mr Kejriwal said, IDBI is a profit making entity and selling of shares of profit making bank is not a good decision.He also said, the Non Performing Assets of IDBI are mainly dues recoverable from big industrial houses.He urged the Centre to give a free hand to the officials of the bank to recover money from big industrialists and strong action be taken against people like Vijay Mallya.

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