The government is planning to invite EoI (Expression of Interest) to sell its stake in LIC-controlled IDBI Bank by the next month-end. As part of the divestment, the government plans to sell its entire 45.48 per cent stake eventually. The government may look to sell around a 26 per cent stake in the bank, along with management control to attract investors.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
