Sama Rammohan Reddy backs IDBI bank employee's protest against privatisation

Hyderabad, Nov 2 (UNI) Congress candidate for the Hyderabad-Rangareddy-Mahabubnagar Graduate MLC constituency, Sama Rammohan Reddy, on Monday extended his support to the hunger strike launched by IDBI Bank employees at Indira Park Dharna Chowk against the proposed privatisation of the bank. Joining the protesting employees, Sama expressed solidarity with their demands to protect their rights and condemned the Centre's move to privatise IDBI Bank. He pointed out that when IDBI Bank was incurring losses, the Centre had brought in the Life Insurance Corporation of India (LIC) as a partner. However, now that the bank was consistently reporting profits, the government…