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New Delhi: The Centre has revived the strategic sale of its stake in IDBI Bank, along with LIC’s stake a month after the two bids were rejected as they were way below the reserve price.Persons familiar with the discussions said a fresh valuation exercise is being undertaken, given that the bank has a small free…
NEW DELHI: Ten years later and after two attempts, govt has failed to privatise IDBI Bank, the perpetual problem child, leaving potential bidders fatigued and raising questions over the process as well as future disinvestment plans.It wasn’t the first time that the Centre tried to exit IDBI Bank, with the plan first announced by former…
Finance Minister Nirmala Sitharaman on Thursday said India needs large, world-class banks to support its expanding economy, adding that the government is in talks with the Reserve Bank of India (RBI) and lenders to build scale and strengthen the sector.Speaking at the 12th SBI Banking and Economics Conclave 2025, Sitharaman urged banks to deepen and…
