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India News | Financial Bids for IDBI Bank Likely to Be Invited by March, Sale Process to Conclude Next Fiscal

Get latest articles and stories on India at LatestLY. The financial bids for IDBI Bank privatisation is likely to be invited by March and the conclusion of the sale process is expected in the next financial year, officials said. India News | Financial Bids for IDBI Bank Likely to Be Invited by March, Sale Process to Conclude Next Fiscal.

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IDBI Bank privatisation: Govt, LIC to sell 60 72% stake, invite bids

Life Insurance Corporation (LIC) holds 529.41 crore shares representing 49.24 per cent stake in IDBI Bank, while the government holds 488.99 crore shares or 45.48 per cent stake.

Department of investmentCabinet committee on economic affairsIndia pvt ltdLife insurance corporationUnion budgetSector bankGoogle newsImage sourcePvt ltdLink legalPublic asset managementReserve bankPreliminary information memorandumAlternative investment fundsData roomQualified interested parties

Govt, LIC to divest 60 72 per cent stake in IDBI Bank

The Government of India and Life Insurance Corporation of India (LIC) will together divest 60.72 per cent stake in IDBI Bank

Department of investmentBanki goLife insurance corporation of indiaSector bankLife insurance corporationStrategic disinvestmentPublic asset managementPrivate sector bank10 72Ews india

Stage set for IDBI Bank s privatisation: Govt, LIC invite bids to sell 60 72 percent stake

The successful bidder would be required to mandatorily lock-in at least 40 per cent of the equity capital for five years from the date of acquisition.

Department of investmentCabinet committee on economic affairsIndia pvt ltdLife insurance corporationUnion budgetStock exchangeSector bankPublic asset managementReserve bankXiaomi indiaPreliminary information memorandumAlternative investment fundsSocial stock exchangeData roomQualified interested partiesSuccessful bidder

Karur Vysya Bank hikes interest rates on fixed deposits under 2 crore, check details

A private sector lender, Karur Vysya Bank increased the interest rates on fixed deposits under Rs. 2 crores.

Karur vysya bankVysya bankKarur vyasa bankArur vyasaya bankPrivate sector banksPrivate sector bankFixed depositVb tax shieldElderly citizens

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