New Delhi, Oct. 19 -- The United Forum of IDBI Officers and Employees (UFIOE) has announced a nationwide, two-day hunger strike on November 2 and 3 to oppose the proposed privatisation of IDBI Bank Ltd. The union has urged the government and Life Insurance Corporation of India (LIC) to withdraw the proposed stake sale and ensure that government ownership in the lender remains at or above 51%.

In a strike notice issued on October 16 and sent to IDBI Bank's managing director and chief executive officer, the forum said protests would be held at the bank's branches and offices across the country. It warned that the agitation could escalate into an extended or indefinite strike without any further notice if its demands were not addressed.

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