The government is going to sell its stake in another government bank. After a long wait, it is believed that bids will be invited for this by September 2025. While the shares of IDBI saw a rise after this news came, the tension of those who have an account in this bank increased.
Add informalnewz.com as a Preferred Source
IDBI Bank: The government is going to sell its stake in another government bank. After a long wait, it is believed that bids will be invited for this by September 2025. While the shares of IDBI saw a rise after this news came, the tension of the people who have an account in this bank increased. People started getting worried that what should they do? Before moving ahead in the news, let us tell you that the privatization of the bank will not affect your deposits at all. That is, whether it is savings or loan in your bank account, it is not going to have any effect on it. Your account will remain as it is.
This government bank is going to be sold
IDBI Bank shares rose 4 per cent to Rs 105 on Monday. This is believed to be due to reports claiming that the government is preparing to invite financial bids for the bank. This move indicates new momentum in the bank’s long-pending disinvestment process. The bank has not yet commented on these reports. According to reports, the central government is close to finalizing the share purchase agreement with potential buyers and may soon seek approval from the ministerial panel overseeing such deals.
The stake sale of IDBI Bank has been delayed several times in the last three years. Currently, the central government and Life Insurance Corporation of India (LIC) hold about 95 per cent of the bank. Of this, 60.72 per cent stake will be sold under the disinvestment plan. In a departure from previous years, the Union Budget 2025 did not set any specific disinvestment target. Instead, the government put the proceeds from disinvestment and asset monetisation into a single category called ‘miscellaneous capital receipts’, with a target of Rs 47,000 crore for the fiscal year. Last fiscal, the government managed to raise about Rs 30,000 crore through disinvestment. Officials hope that big sales like that of IDBI Bank will help boost revenues in FY26.
From a market perspective, IDBI Bank has performed strongly in 2025. Its stock has gained nearly 35 per cent so far this year. The bank’s financial results have also been solid. In the January-March period of FY25, IDBI Bank reported a net profit of Rs 2,051 crore, up 26 per cent year-on-year, from Rs 1,628 crore in the same period last year. However, the bank’s net interest income (NII) during this period declined 11 per cent to Rs 3,290 crore from Rs 3,688 crore a year ago. IANS
Add informalnewz.com as a Preferred Source
DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
