Centre looks to revive stalled IDBI Bank sale process: Report
The Indian government is seeking to revive interest in the stalled sale of IDBI Bank after previous bids fell short of the minimum price. Authorities are considering reducing the reserve price by up to 20% to attract potential buyers. The government aims to successfully divest a majority stake in the bank, which has been a challenge for several years.
- ▪The government scrapped bids for IDBI Bank as they did not meet the minimum price.
- ▪Authorities are exploring options to reduce the reserve price to attract buyers.
- ▪Fairfax Financial Holdings Ltd. was a frontrunner in the bidding process for IDBI Bank.
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Centre looks to revive stalled IDBI Bank sale process: ReportAuthorities are exploring ways to revive interest from potential buyers after efforts to divest a majority stake in IDBI hit a snag.Updated on: May 18, 2026 1:48 PM ISTBloombergShare viaCopy link Authorities are exploring ways to revive interest from potential buyers after their long-running efforts to divest a majority stake in the $8 billion-valued IDBI Bank Ltd. hit a snag, according to people familiar with the matter.The government reportedly scrapped bids for IDBI Bank as they fell short of the minimum price.
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