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sameer (dsg)     16 March 2016

Employee status when psu becomes private

Hello Experts,

I have a query..Please help...

My sister was working with a PSU bank(IDBI)  from past 2 years, selected through IBPS exam conducted for various PSU banks. But in recent Budget, finance minister has declared to pull out Govt. share from bank by which private share would extend upto 75% making bank as private sector. Now my question is that what would happen to employees of bank selected through IBPS as they had contested for a Govt job and they could have got any other PSU too. 

Can we file a case for adjustment of such employees to other PSU or what??


Thanks in Advance.



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