IDBI Bank sale: Who is EAS Sarma? Activist & former civil servant asking President to reconsider lender's privatisation

Former civil servant and activist EAS Sarma in a letter to the President of India, has urged her to reconsider the Centre's divestment of IDBI Bank, stating that the social cost of this decision, “far exceeds the perceived social benefits”, the Hindu BusinessLine reported.

Sarma noted that since it is the President who holds equity shares in Central Public Sector Enterprises (CPSEs) on behalf of the people, “I seek your intervention in directing the government to review CPSE disinvestment in…