India, Oct. 30 -- Leader of Opposition in the Lok Sabha Rahul Gandhi on Friday questioned the Centre's decision to sell IDBI Bank, raising concerns over the future of its employees, reservation provisions and the government's earlier commitment to retain majority ownership of the lender.

In a letter addressed to the bank's employees, Gandhi said the proposed sale would reduce the combined shareholding of the Centre and the Life Insurance Corporation of India (LIC) from around 95 per cent to 34 per cent. He argued that institutions built using taxpayers' money belonged to the people and questioned the government's decision to reduce its stake in the bank.

Gandhi also recalled the government's assurance to Parliament in 2003 that it would...