Legal Question in Banking Law in India

sir,

I have applied for IBPS-PO-V exam on JULY-2015 through which all nationalised and public sector banks except SBI recruits their officers. In the notification IBPS mentioned IDBI bank as a public sector bank. But hon'ble finance minister in his budget speech(FEB-2016) mentioned that IDBI bank is going to be privatised and process has been started. Now i have successfully completed the whole selection process and been allotted as a PO in IDBI BANK on April 1st. I have worked hard to be a part of public sector bank and finally been allotted a bank that is to be privatised.Please help me.

Can i apply for a stay on IBPS allotment till the privatisation issue is sorted out?? Please give your valueable suggestions in this regard.


Asked on 4/09/16, 10:36 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

10.04.2016

Dear Sir / Madam,

I advise and recommend that you face events as they come. If you have been selected to join Industrial Development Bank of India (IDBI), go ahead and do so without unnecessarily worrying whether and when the Bank is going to be privatized.

Regard,

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Answered on 4/09/16, 11:03 pm


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