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The center is still confident in completing the privatization of IDBI bank in the coming fiscal year and is expected to invite financial bids for treatment by next month.
“IDBI is not investing the right track. We expect it to be completed by mid -year. An official source said,” The financial bids will be called by the end of March. “
According to the sources, the care process due by the offers providers is currently continuing. They are now getting the bank’s secret data to evaluate its financial situation and decide on the bank’s evaluation and financial bids.
The Indian Reserve Bank has already completed the appropriate evaluation of the providers.
“When the IDBI bank share passes, this will be the biggest specialization exercise since Air India invests,” the source indicated.
As part of the IDBI bank, the center will sell alongside Life Insurance Corporation in India 61 % stake in the lender, along with administrative control. This includes 30.48 % share of the government of India and 30.24 % of LIC.
The bank’s privatization process was long ago, starting from the return in January 2023 when the center issued an expression of interest. Since then, the transaction has passed in several steps and operations with the fact that financial bids are one of the last operations.
Currently, officials remain tight about realizing the sale of the class. For 2025-26, the federation budget was estimated to raise 47,000 rupees of non-investment and asset determination, and no separate number of IDBI was placed.
The bank informed an increase of 31 % in its net profit for the third quarter of the fiscal year at 1908 rupees, compared to 1,458 rupees in the same last period.
