"The subjective move of the Government of India tantamount to reneging on the solemn assurance given by the then Finance Minister of the NDA Government on the floor of Parliament on December 8, 2003 that post conversion, the government shall at all times, maintain not less than 51 per cent of the issued capital of the Company," said association's General Secretary Vithal Koteswara Rao. He had cautioned that in the unfortunate eventuality of the government failing to review its stand in the matter, the officers and employees of IDBI Bank will be left with no other option but to take recourse to organisational forms of action. Meanwhile, source said that after getting a go-ahead from the insurance regulator Irdai, LIC is preparing itself to complete the 51 per cent acquisition of debt-ridden IDBI Bank by the end of September.