IDBI Bank investors receive security clearance; await RBI approval

Quick Summary:

Central government and LIC are set to divest 61% stake amid strategic disinvestment drive.

The RBI’s approval will mark a significant milestone in the strategic disinvestment of IDBI Bank.

As the strategic disinvestment process progresses, these financial results highlight IDBI Bank’s improving profitability and operational efficiency, potentially making it an attractive investment for prospective buyers.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Idbi bank Ibc Home Ministry clearance Disinvestment target Security clearance Reserve Bank approval Expressions of Interest Department of Investment and Public Asset Management Elections IDBI Bank privatisation Lok sabha Privatisation LIC stake sale

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 16:30:29 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21771764

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 321 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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