Govt, LIC to divest 60.72 per cent stake in IDBI Bank

Oct 07, 2022

New Delhi [India], October 7 : The Government of India and Life Insurance Corporation of India (LIC) will together divest 60.72 per cent stake...

No legal bar on reducing govt stake in IDBI Bank, clarifies Finance Ministry amid stake sale

Oct 17, 2026

The Union Finance Ministry on Saturday clarified that there is no legal restriction under the IDBI (Repeal) Act, 2003, preventing the government from reducing...

IDBI Bank offloads 27 pc stake in IFLI for Rs 595 cr

Aug 06, 2020

Mumbai (Maharashtra) [India], Aug 6 : IDBI Bank said on Thursday it has signed a share purchase agreement with Federal Bank and its Dutch...

IDBI Bank to fetch Rs 595 crore by divesting 27 pc stake in IFLI

Jun 27, 2020

Mumbai (Maharashtra) [India], June 27 : The board of directors at IDBI Bank has approved a plan to offload 27 per cent stake in...

Govt & LIC to sell 60.7% stake in IDBI Bank; revised bids under evaluation, deal likely within a month

Jul 14, 2026

The Government of India and state-run Life Insurance Corporation of India (LIC) are moving ahead with the strategic sale of their combined 60.7 per...

“During Modi's time, banks are being sold”: Rahul Gandhi extends support to IDBI Bank employees amid stake sale

Oct 30, 2026

Congress leader Rahul Gandhi criticised the Centre's proposed 60.72 per cent stake sale in IDBI Bank, alleging that banks were being sold under the...