IDBI Bank is looking to completely exit the NSE in FY17. In this regard, the company will sell its remaining 3 per cent holding in the country’s top bourse. IDBI Bank had last fiscal sold 2 per cent stake in NSE as part of its efforts to sell non-core assets.
Furthermore, the bank will also look to list IDBI Capital in the stock exchanges this fiscal and also find a strategic investor for its mutual funds business. IDBI Capital will soon open an office in Dubai. It also wants to unlock value of our investments in IDBI Capital and so will pursue its listing.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
