HomeEconomy NewsIDBI Bank strategic sale: Govt may call for bids by Nov-Dec
DIPAM Secretary Arunish Chawla said the due diligence for IDBI Bank is complete, and the government aims to invite financial bids between October and December, likely around November or December.
By Sapna Das August 1, 2025, 9:19:14 PM IST (Published)
The strategic sale of IDBI Bank has taken a step forward. Arunish Chawla, Secretary at the Department of Investment and Public Asset Management (DIPAM), told CNBC-TV18 that the due diligence process for the bank is now complete.
The government hopes to invite financial bids for the bank between October and December this year. The bidding process will likely begin around November or December.
Chawla said that by March 2026, the winning bidder could be finalised—though regulatory approvals will play a big role in the timeline.
This is a clear signal from the government that the IDBI Bank sale process is on track. The key dates to watch are November–December for bid invitations and March FY26 for final selection.
Chawla also mentioned that the government has appointed merchant bankers and legal advisors to help plan stake sales in LIC and other public sector financial institutions, including some state-run banks. These appointments are valid for up to three years.
While no details have been shared yet, the government may go ahead with an Offer for Sale (OFS) of shares during this period, depending on market conditions.
On LIC’s stake sale, speculation continues, but no timeline has been confirmed.
Lastly, Chawla said the government is holding weekly reviews on capital management by Central Public Sector Enterprises (CPSEs). These reviews aim to ensure CPSEs meet their performance and capital expenditure targets, while also preparing for any global risks that could affect the economy.
Also Read | Indian govt approves LIC OFS: Sources
(Edited by : Ajay Vaishnav)
