The privatization of IDBI Bank is expected to be completed in the next financial year (FY26), even though financial bids are likely to be submitted within the current fiscal (FY25). The Reserve Bank of India has given the “fit and proper” report on potential bidders, and the due diligence process will now begin. After due diligence, financial bids will be called for and submitted within the current financial year. However, the exact timeline for the completion of the exercise is unknown. The Centre and LIC will sell 61% of the bank’s stake, including 30.48% by the government and 30.24% by LIC. Despite initial expectations to complete the privatization by the current fiscal, it is expected to stretch into the next financial year.
