Government and LIC may offer up to 60% stake in IDBI Bank.

A senior official told FE that the Centre will issue an expression of interest (EoI) for the strategic disinvestment

of IDBI Bank next month, with the transaction expected to be completed by March 2023.

After five years of losses, IDBI Bank posted a net profit of '1,359 crore in FY21, rising to '2,439 crore in FY22.

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