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India cenbank likely to complete vetting bidders for IDBI Bank by Oct-end - sources

India s central bank is expected to accelerate a key process of vetting IDBI Bank s potential buyers and complete it by October end, helping speed up the sale of a majority stake in the lender,.

Janane venkatramanKotak mahindra bankLife insurance corpReserve bankPrem watsa backedNikunj ohri

RBI likely to complete vetting bidders for IDBI Bank by October-end

The federal government, which owns 45.48% of IDBI Bank, and the state-owned Life Insurance Corp of India, which holds 49.24%, together plan to sell 60.7% of the lender.

Kotak mahindra bankLife insurance corpPrem watsa backedReserve bankIdbi divestmentIdbi stake sale

IDBI Bank stake sale: RBI likely to complete vetting bidders for IDBI Bank by Oct-end

India s central bank is expected to speed up the vetting process of potential buyers for IDBI Bank and complete it by the end of October. The government and Life Insurance Corp of India plan to sell a majority stake in the bank, and completing the process early could allow bids to be invited in the first quarter of next year.

Janane venkatramanLife insurance corpKotak mahindra bankReserve bankPrem watsa backedNikunj ohriIdbi bank stake saleIdbi bankReserve bank of indiaLife insurance corp of indiaPcsb bank

IDBI Bank Q4 results: Net profit rises 64%, dividend of Rs 1per share announced

IDBI Bank's Net interest income (NII) increased by 35 per cent to Rs 3,280 crore in Q4FY23, as against Rs 2,420 crore in the same quarter last year. Sequentially, NII is up by 12 per cent from Rs 2,925 crore registered in December quarter of FY23.

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RBI begins evaluating potential bidders for state-owned IDBI Bank

RBI begins evaluating potential bidders for state-owned IDBI Bank
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