A government panel is targeting to conclude the stake sale of IDBI Bank by October, a report stated, citing sources. The government is reportedly eyeing ₹40,000-50,000 crore from the bank's disinvestment, which has been delayed multiple times. Currently, the government and Life Insurance Corporation of India (LIC) jointly own 95% of IDBI Bank, with 60.72% earmarked for sale.
short by
Shristi Acharya /
10:13 am on
10 Jul