Hyderabad, Oct. 31 -- BRS working president K T Rama Rao (KTR) has questioned the Union Government over the proposed sale of IDBI Bank, raising concerns about the bank's valuation, changes in the bidding process and the alleged failure to account for its valuable assets, including prime real estate in Hyderabad.

He has also sought answers on why the concerns raised by bank employees were not being addressed.

In a social media post, KTR said public sector undertakings (PSUs) and public sector banks were national assets that needed to be safeguarded.

Expressing concern over reports of alleged undervaluation of IDBI Bank, he questioned the rationale behind changing the rules and valuation methodology after the bids reportedly fell below t...