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

[{"selector":"#anim-195662fb-8be4-4189-86d0-b3f8b4d8dac5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-30cc982a-5e80-4ed2-8282-a575499ed143","keyframes":{"transform":["translate3d(0px, 218.65570%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-4717728e-53a6-45b2-880f-9cd06e760e07","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83c2583b-f38b-495a-b503-df3ed5734cdd","keyframes":{"transform":["translate3d(0px, 218.65570%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-975f9d19-a353-4983-91e9-4b841c0053ca","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52b597f7-6592-45ba-b298-2551f90195dc","keyframes":{"transform":["translate3d(0px, 170.84217%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swipe up and read the report

[{"selector":"#anim-12310ce6-209e-40f1-a922-b40680686493","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-de146953-2612-4edf-808f-a7c87f43c23f","keyframes":{"transform":["translate3d(0px, 380.31749%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe Up