IDBI Bank privatization: Govt to invite EoI in May; Target to complete sales in FY23

According to sources, the government is now planning to invite Expression of Interest (EoI) in May for selling its stake in IDBI Bank. He said the roadshow for the disinvestment of IDBI Bank is not over yet.

Earlier, the government had planned to invite EoI for privatization of IDBI Bank in April. “The government is still aiming to complete the privatization of IDBI Bank in FY23,” sources told CNBC-TV18.

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