The center remains confident to complete the privatization of IDBI bank in the next fiscal year and expect the financial offers of the transaction to be invited next month.
“The disinvestment of the IDBI bank is on the right track. We expect it to be completed in the middle of this year. Financial offers will be called in late March, “said an official source.
According to sources, the reasonable diligence process by tenderers is currently underway. They now have access to the bank’s confidential data to assess its financial situation and decide on the bank’s assessment and their financial offers.
The Reserve Bank of India has already completed the appropriate adjustment and evaluation of bidders.
“When the sale of Pile Idbi Bank is left, it will be the largest privatization exercise since the divestment of Air India,” noted the source.
As part of the disinvestment of the IDBI bank, the center as well as Life Insurance Corporation of India will sell a 61% participation in the lender, as well as management control. This includes a 30.48% participation of the government of India and 30.24% of LIC.
The bank’s privatization process has been drawn for a long time, from January 2023, when the center had expressed an expression of interest. Since then, the transaction has experienced several stages and processes, financial offers being one of the last processes.
For the moment, civil servants remain tight on the realization of the sale of stakes. Since 2025-26, the Union budget has estimated the increase in Rs 47,000, aims to disinvestment and the monetization of assets and no separate figures have been marked by the sale of the IDBI bank.
The bank declared a 31% increase in net profit for the third quarter of the financial year at Rs 1,908 crosses, against 1,458 oats in the same period a year ago.
