Idbi bank disinvestment: The government has started preparing for privatization of another bank. IDBI Bank will sell 61% stake by the end of the current calendar year. Currently, the government has a 30 percent stake in IDBI Bank. The remaining part is near LIC. Both the government and LIC will sell their stake and privatize the bank.
M. Nagaraju, Secretary, Financial Services Department, said in this regard that the government will sell its stake in IDBI Bank by the end of 2025. After the disinvestment process is completed, IDBI Bank will become a completely private bank.
This process has been going on since 2023.
According to the secretary, the process of disinvestment of this bank has been going on since January 2023. Many recommendations were also sought at that time. In which the names of the bidder were also selected. On 9 April last month, Deepam Secretary Arunish Chawla said that the process of disinvestment of IDBI Bank is currently pending, including evaluation to other regulatory works.
47 thousand crore target
The central government has allocated Rs 100 crore for disinvestment in the current financial year 2025-26. A target of Rs 47,000 crore has been set. IDBI Bank will play the lead role in achieving this goal. If the government completes this disinvestment, it will earn thousands of crores of rupees. Also, the target will also be achieved.
What is the asset of the bank?
In 2024, IDBI Bank’s total market cap Rs. 3,64,271 crore rupees Which increased to Rs 2500. It has increased from Rs 1000 crore to Rs 4,11,661 crore in March 2025. The total value of the 61% stake of the government and LIC is Rs. It will cost Rs 2,51,113 crore.
