IDBI Bank

Sept 9 (Reuters) - IDBI Bank Ltd IDBI.NS:

• IDBI BANK LTD - CLARIFIES ON REPORT "FAIRFAX PLANS IIFL FINANCE EXIT TO FUND IDBI BANK BID"

• IDBI BANK LTD - IDBI BANK IS NOT IN A POSITION TO EITHER CONFIRM OR DENY REFERENCED NEWS REPORT

• IDBI BANK - STATES STRATEGIC DISINVESTMENT IS CONFIDENTIAL PROCESS BY GOVERNMENT OF INDIA

Source text: ID:nBSE3qFcGB

Further company coverage: IDBI.NS

(([email protected];))

** Shares of IDBI Bank IBDI.NS fall as much as 12.89% to 79.05 rupees, steepest intraday fall in 6 months; last down 10.5%

** About 2.03 million shares of IDBI change hands in three blocks at discounts of 7.6%-11.9%, per data compiled by LSEG

** Drop comes amid profit booking in NSE IPO-linked stocks

** IFCI IFCI.NS and New India Assurance THEE.NS drop 9.1% and 9.9%, respectively, on Tues

** IFCI and THEE had surged 6.9% and 18.4% in last two sessions

** IFCI, THEE shares sensitive to NSE IPO developments as IFCI holds 52% stake in Stock Holding Corporation of India, which owns 4.4% stake in NSE

** THEE holds 1.42% stake in NSE

** IDBI, one of the public sector shareholders participating in offer for sale in NSE's IPO, plans to sell its entire stake of 7.415 million shares

** While formal price band for NSE IPO has not been announced yet, Reuters reports Indian mutual funds indicated comfort buying NSE at around 1,800 rupees

** Meanwhile, GMP for NSE IPO drops to 223 rupees per share from 285 rupees, according to financial research platform Investor Gain

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

By Gopika Gopakumar and Ira Dugal

Aug 21 (Reuters) - Canada's Fairfax Financial FFH.TO, a frontrunner to acquire the government's stake in IDBI Bank IDBI.NS, is set to be allowed up to two years to consolidate its India bank holdings to smooth the acquisition, two sources familiar with the matter said.

A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and state insurer Life Insurance Corp of India, is in its final stages.

The transaction, valued at more than $5 billion, would be the largest foreign investment in an Indian bank. It is also important for the government at a time when the Middle East war has strained finances and weaker foreign inflows have pressured the rupee.

Under Reserve Bank of India (RBI) rules, an entity cannot own and operate two separate banks. Fairfax owns about 40% of smaller lender CSB Bank CSBB.NS.

The Canadian investor is likely to be given up to two years to either sell its stake in CSB Bank or merge it with IDBI Bank, the two sources said.

A third source, a government official, said it would be "speculative" to say that Fairfax will be given two years to consolidate its bank holdings.

Fairfax, the finance ministry and the RBI did not respond to requests for comment.

Last month, India received revised bids from Fairfax and Emirates for the IDBI stake after lowering the reserve price for the sale.

The deal has already been cleared by a panel of senior bureaucrats and is now before a committee of ministers for final approval, the sources said. It would then require regulatory clearances from the RBI and the Securities and Exchange Board of India.

TWO OPTIONS

One option to comply with RBI regulations would be to merge CSB Bank with IDBI Bank, the sources said.

However, Fairfax's India entity is also exploring a sale of its entire CSB stake, according to one of the sources.

CSB, based in the southern state of Kerala, has business worth 862.82 billion rupees ($9 billion). Fairfax acquired control of the lender in 2018 when it required fresh capital to overcome financial stress.

IDBI Bank has assets of nearly $42 billion.

Fairfax may favour selling its CSB holding because a merger could involve complications, including labour union-related issues, the source said. CSB is also too small to significantly alter the combined entity's profile, the person added.

The discussions remain at an early stage and a final decision will be taken only after negotiations with the government are completed.

Fairfax has been a major investor in India through Fairfax India Holdings Corporation, which had assets worth $3.8 billion as of June 30, 2026. Its other investments include non-bank lender IIFL Capital and online brokerage firm 5paisa.

($1 = 95.4100 Indian rupees)

(Reporting by Gopika Gopakumar and Ira Dugal in Mumbai; Editing by Stephen Coates)

By Nikunj Ohri

NEW DELHI, Aug 7 (Reuters) - India expects to exceed this fiscal year's goal of raising 800 billion rupees ($8.4 billion) through the sale of stakes in state-run firms and other asset monetisation methods, government sources said, helping public finances strained by the Middle East conflict.

The U.S.-Israeli war on Iran has driven up fertiliser import costs and fuel subsidies, sparking concern that the government could fall short of its budget goals. India has often missed its target for divestments and asset monetisation in recent years.

The government this week completed the sale of shares worth 315.5 billion rupees ($3.3 billion) in state-owned Life Insurance Corporation (LIC), its biggest divestment in years. Combined with sales of shares in firms such as Coal India and Indian Railway Finance Corp, more than $5.5 billion has been raised to date.

According to one of the sources, the long-delayed sale of the government's stake in IDBI Bank should also conclude this fiscal year, potentially adding $2.5 billion to state coffers.

Moreover, Finance Minister Nirmala Sitharaman has given quarterly targets to the ministry's divestment department to boost stake-sale receipts, the second source said.

The sources were not authorised to speak to media and declined to be identified. India's finance ministry did not respond to a request for comment.

The government launched an ambitious privatisation drive in 2021, but progress has been slower than initially envisaged, with only a handful of strategic sales completed.

Officials have increasingly relied on sales of smaller stakes in listed state-run companies, which are easier to execute and carry lower political and regulatory risk, the first source said.

FISCAL PRESSURES

Increased oil import costs for India, the world's third-largest crude importer, have raised concerns about a possible widening of the fiscal deficit and current account gap.

The government is targeting a fiscal deficit of 4.3% of GDP this fiscal year. But a 37% jump in subsidy spending for the April-June first quarter from the same period a year earlier has led some analysts to warn that the government will fail to meet its goal.

Overall government expenditure for the quarter rose 11%, government data shows.

The government may need additional measures to meet its deficit target, said N.R. Bhanumurthy, director of the Madras School of Economics.

"Compared with previous years, the rise in divestment receipts is a positive trend. However, the government will need to mobilise more revenue this year, as fuel tax cuts alone have cost the exchequer more than 1 trillion rupees," he said.

Sitharaman said last month there were no immediate plans to revise budget estimates.

DIVIDEND BOOST

Dividends received by the government from the Reserve Bank of India, state-run banks and financial institutions have already hit 3.24 trillion rupees for April 1 to August 5, exceeding the 3.16 trillion rupees initially expected for the whole of this fiscal year.

The RBI contributed a record 2.87 trillion rupees. The government expects non-financial state-run companies to pay 750 billion rupees in dividends this fiscal year. It has received 25.5 billion rupees so far.

There have been no major asset monetisation announcements yet. Asset monetisation can include selling land or creating infrastructure investment trusts that hold government-owned infrastructure assets.

($1 = 95.1650 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Ira Dugal and Edwina Gibbs)

(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Aug 5 (Reuters Breakingviews) - India's toughest fiscal challenge in years will bring out New Delhi's dealmaking side. The government is raising 314 billion rupees, or $3.3 billion, by trimming its stake in Life Insurance Corporation LIFI.NS. The proceeds will help shore up the war-battered public balance sheet and inspire similar sales.

New Delhi is offering up to a 6.5% stake in LIC to institutions and retail investors at 382 rupees a share. The deal values the country's largest life insurer by premiums at an 11% discount to the stock's last-traded price, which isn't too steep considering volatile market conditions and fierce competition in the sector.

The latest divestment is part of a government push to raise 800 billion rupees in capital for the fiscal year ending March 2027. Along with share sales in other companies like $27 billion miner Coal India COAL.NS and hydropower producer NHPC NHPC.NS, combined proceeds are on track to top 526 billion rupees, roughly two-thirds of the 12-month goal.

As war rages on in the Middle East, that will offer some fiscal cushion to Prime Minister Narendra Modi's government, which is grappling with rising oil prices. Revenue collections have turned lacklustre too, after cuts to indirect tax rates. Concern that his administration will breach a fiscal deficit target of 4.3% of GDP for the current year is mounting. Higher fertiliser subsidies and debt servicing costs may ultimately widen the deficit by an additional 0.3% of GDP, analysts at ANZ warn.

That risk should prompt officials to accelerate deals. Last year, Goldman Sachs was hired to manage stake sales in four state-owned lenders, including narrowly held UCO Bank UCBK.NS and Punjab and Sind Bank. The government could also revive the process to find a new owner for LIC-backed IDBI Bank IDBI.NS, which received fresh bids from Canada's Fairfax and Abu Dhabi's Emirates NBD last month, per a Reuters report citing sources.

Fiscal pressure will force New Delhi to be more aggressive and creative.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

The government of India on August 4 launched an offer for up to 822 million of its shares in Life Insurance Corporation, representing an up to 6.5% stake in the insurer.

The offer priced at 382 rupees ($4.01) per share, an 11% discount to their last-traded price, opened for bidding by institutions on August 4 and will accept retail subscriptions on August 5.

(Editing by Robyn Mak; Production by Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

** Shares of India's IDBI Bank IDBI.NS rise as much as 3.9% to 89.94 rupees; last up 1.3%

** IDBI set for fifth straight day of gains, if trend holds

** Canada's Fairfax Financial FFH.TO set to acquire Indian govt's stake in IDBI Bank for $5.5 bln, reported Economic Times on Wednesday

** Stake sale in co was revived on Tuesday after Dubai's Emirates NBD ENBD.DU and Fairfax revised their bids

** More than 30.5 mln shares change hands by 11:20 a.m. vs 30-day avg of 24.7 mln shares

** YTD, IDBI down 15%

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

July 14 (Reuters) - IDBI Bank Ltd IDBI.NS:

• IDBI BANK: CLARIFIES ON REPORT "GOVERNMENT CLOSE TO ACCEPTING SWEETENED FAIRFAX FINANCIAL OFFER FOR IDBI BANK"

• IDBI BANK - UNABLE TO CONFIRM OR DENY NEWS ON FAIRFAX FINANCIAL OFFER

• IDBI BANK - HAS NOT RECEIVED ANY COMMUNICATION FROM GOVT ABOUT FINALISATION OF ON ONFOING DISINVESTMENT PROCESS

Source text: ID:nBSE2RPJTq

Further company coverage: IDBI.NS

(([email protected];;))

** Shares of IDBI Bank IDBI.NS rise as much as 5% to 86.35 rupees; last up 2.3%

** India government has invited fresh bids from existing shortlisted bidders for the strategic sale of the lender, NDTV Profit reports, citing sources

** Government plans to conclude the stake sale in the current financial year, realise around 500 billion to 550 billion rupees ($5.25 billion-$5.77 billion) from the transaction, report says

** Earlier this year, India shelved bids it received for majority stake sale ​in IDBI Bank as offers were ‌below the government's minimum price expectation

** IDBI Bank and India's Department of Investment and Public Asset Management did not immediately respond to a Reuters request for comment

** IDBI Bank is down 18.5% in 2026, compared to a ~3% drop in Nifty Bank Index .NSEBANK

($1 = 95.2650 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

(([email protected]))

By Dharamraj Dhutia and Gopika Gopakumar

MUMBAI, June 23 (Reuters) - Fairfax FFH.TO bought Indian government debt worth nearly $1 billion last Friday, according to five sources, in a rare purchase through the local unit of the Canadian investment holding company.

The purchases by Fairfax India Holding Corp FIHu.TO were made to bring capital into the country ahead of a potential deal to buy stake in government-owned IDBI Bank IDBI.NS, one of the sources, who is close to Fairfax, said.

India's recent decision to exempt foreign investors in government bonds from capital gains tax made the transaction viable, according to this source.

Fairfax was among the bidders for a stake in government-owned lender IDBI Bank. The process had been stalled since March this year as potential buyers submitted bids below the reserve price, or the minimum price the government would accept.

Talks over reviving the stake sale have since continued, the source quoted above said, adding there is no certainty of a deal.

All five sources requested anonymity as they are not authorised to speak to media. Fairfax India Holding did not reply to a Reuters query seeking comment. India's Department of Investment and Public Asset Management (DIPAM) did not respond to Reuters' queries.

The Indian government and state-owned Life Insurance Corporation of India LIFI.NS, had together planned on selling 60.7% of the lender as part of a broader government privatisation programme. The government owns 45.48% of IDBI Bank, while LIC holds 49.24%.

BUYING CONCENTRATED AT THE SHORT END

Fairfax bought around 60 billion rupees ($633.7 million) of the 6.03% 2029 bond, which was sold at an auction last Friday, at a yield that was 5 basis points lower than market levels, four of the sources, all treasury officials, said.

The company also likely bought around 6 billion rupees of the 6.79% 2027 bond and 26 billion rupees of treasury bills maturing in May and June 2027, the treasury officials added.

Fairfax is not a regular participant in the Indian bond markets, the officials said. According to financial disclosures, Fairfax India reported holding government securities with fair value of $42.6 million at the end of December 2025.

($1 = 94.6775 Indian rupees)

(Reporting by Dharamraj Dhutia and Gopika Gopakumar in Mumbai; Editing by Ronojoy Mazumdar)

(([email protected];))

By Jayshree P Upadhyay

MUMBAI, June 18 (Reuters) - Investors from Indian state-owned lenders to Singapore's sovereign wealth fund and Canada's national pension manager are set to reap a $2.6 billion windfall as India's National Stock Exchange (NSE) moves ahead with a long-awaited listing.

NSE - the country's largest bourse and the world's most active derivatives exchange - filed draft papers for an initial public offering late on Wednesday, following years of regulatory delays.

The listing will be a pure offer-for-sale, with existing shareholders offering to sell about 6% of the exchange's equity and no fresh equity raised.

NSE has more than 200,000 investors currently, and its shares trade at close to 2,000 rupees ($21.18) in the unlisted market, according to trading platforms. That suggests a valuation of some $57 billion, setting the bourse up to become the world's fifth most valuable after London Stock Exchange Group.

The exchange may offer shares at a 5% to 10% discount to private market valuations, said three sources, including merchant bankers. The valuation under discussion is around 1,900 rupees per share, they added, declining to be identified as they are not authorised to speak to the media.

"At this valuation NSE would attract incoming investors while not short-changing existing ones," one source said.

A final decision on pricing will be taken closer to listing, following investor roadshows.

At 1,900 rupees per share, the IPO would be worth $3.3 billion, making it one of India's two largest public offerings alongside Mukesh Ambani’s Reliance Jio, which is likely to list this year in an IPO worth some $4 billion.

NSE said it could not comment beyond that it has filed an IPO prospectus when asked by Reuters about the valuation.

WINDFALL GAINS

The top ten investors offering shares are set for a windfall worth some $2.6 billion, based on acquisition prices disclosed in the draft prospectus.

State Bank of India, the country’s largest lender, will lock in gains of about 47 billion rupees ($497.67 million), while MS Strategic (Mauritius), a Morgan Stanley fund, will make about 29.34 billion rupees, according to Reuters calculations based on prospectus disclosures and valuation estimates.

Singapore's Temasek stands to make 20.67 billion rupees via its Aranda Investment arm, and Canada Pension Plan Investment Board will gain 18.71 billion rupees.

State Bank of India, Morgan Stanley and Temasek did not immediately respond to emails seeking comment. CPPIB declined to comment.

Anubhav Dayal, founder of Hong Kong-headquartered Soach Global Corporation, said its flagship fund first bought into NSE in early 2016 and is now selling 20% of its holding to provide liquidity to investors.

"It has proven to be a great investment. We saw the potential in NSE to serve India's masses," Dayal said, adding that the firm continues to hold NSE as a key investment. "NSE will continue to play an important role in India's economic activity."

GROWTH PROSPECTS AND REGULATORY RISKS

The exchange is likely to begin IPO roadshows over the next two months, the sources said, adding that both domestic mutual funds and global funds have shown early interest in anchoring the issue.

The exchange’s revenue has more than doubled between April 2019 and April 2026 to about 187 billion rupees, driven by strong growth in options trading. However, growth has slowed over the past year after a series of regulatory curbs on derivatives.

The exchange, detailing regulatory risks in its filing, said revenue could continue to be impacted by government and regulatory measures aimed at tempering derivatives activity.

In its IPO papers, NSE said growth will hinge on continued expansion in first-time investors, rising trading activity, innovation in derivatives products and a push into commodities.

Ravi Varanasi, a former group president at NSE who now runs a consultancy advising Indian exchanges, said NSE's near-total grip on the cash market gives it a strong long-term growth opportunity.

"As India’s market capitalisation deepens, cash trading volumes are expected to rise steadily," he said.

($1 = 94.5250 Indian rupees)

(Reporting by Jayshree P Upadhyay; Additional reporting by Bharath Rajeswaran in Bengaluru; Editing by Ira Dugal and Kevin Buckland)

(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))

May 20 (Reuters) - IDBI Bank Ltd IDBI.NS:

• IDBI BANK - APPROVED RE-APPOINTMENT OF JAYAKUMAR S. PILLAI AS DEPUTY MD ON BOARD FOR 1 YEAR WITH EFFECT FROM JUNE 12

Source text: ID:nBSE6nDZcB

Further company coverage: IDBI.NS

(([email protected];;))

April 30 (Reuters) - IDBI Bank Ltd IDBI.NS:

• IDBI BANK Q4 NET PROFIT 19.43 BILLION RUPEES

• IDBI BANK Q4 INTEREST EARNED 77.98 BILLION RUPEES

• IDBI BANK Q4 PROVISIONS AND CONTINGENCIES 2.85 BILLION RUPEES

• IDBI BANK Q4 GROSS NPA 2.32%

Further company coverage: IDBI.NS

(([email protected];))

** Shares of IDBI Bank IDBI.NS fall about 7% to 67.95 rupees, lowest level since March 4, 2025

** Government may consider stake sale via offer-for-sale to increase public shareholding in IDBI Bank after attempt to divest stake fell through earlier this month - PTI report, quoting sources

** IDBI, government officials did not immediately respond to a Reuters request for comment

** YTD, IDBI down about 34%

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

March 20 (Reuters) - IDBI Bank Ltd IDBI.NS:

• PENALTY OF 55 MILLION RUPEES IMPOSED ON IDBI BANK

Source text: ID:nBSEbMSLlS

Further company coverage: IDBI.NS

(([email protected];))

** Shares of IDBI Bank IDBI.NS, Shipping Corp of India SCI.NS and Container Corp of India CCRI.NS pare gains to close 1.2% to 1.5% higher

** The pullback follows a Reuters report that India is considering shelving planned privatisation sales due to weak investor appetite, citing two government sources

** Container Corp, which was up 1.8% ahead of the report, trimmed gains to 0.7% before closing 1.4% higher

** Shipping Corp and IDBI Bank, which were up 1.8% and 2%, settled 1.5% and 1.1% higher, respectively

(Reporting by Nishit Navin in Bengaluru)

(([email protected]))

** IDBI Bank IDBI.NS slips 14.5% to 78.7 rupees, lowest since May 2025

** India will shelve bids it received for majority stake sale in IDBI after offers fell below its minimum price expectation, Reuters reported on Friday after Bloomberg first reported the news

** Indian government and state-owned Life Insurance Corporation of India LIFI.NS, which own 45.48 and 49.24%, respectively, had initiated process to sell 60.7% of IDBI in 2022

** Existing sale process would be scrapped and government may initiate fresh process when market appetite improves, source told Reuters

** IDBI, India's finance ministry didn't immediately respond to Reuters' request for comment

** YTD, IDBI down 23.6%

(Reporting by Urvi Dugar and Mridula Kumar in Bengaluru)

(([email protected];))

March 13 (Reuters) -

• INDIA IS SET TO HALT IDBI BANK SALE AS BOTH BIDS UNVIABLE - BLOOMBERG NEWS

Source text: https://tinyurl.com/3nsv83jx

Further company coverage: IDBI.NS

(([email protected];))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, March 9 (Reuters Breakingviews) - A dealmaking boom in India's banking sector has an unlikely loser: the government. Canadian insurance holding firm Fairfax Financial FFH.TO leads the race to buy a 61% stake from Indian state entities in $13 billion IDBI Bank IDBI.NS, Bloomberg reported in February, citing sources. An $8 billion transaction would be the largest-ever foreign direct investment in a local bank. But crystallising a premium valuation looks challenging.

A deal would complete a full circle for the lender hardest hit by an asset quality crisis: in 2018, bad loans comprised nearly one-third of its portfolio. Provisions for that sour pool eroded its capital base and prompted New Delhi, which then owned 86% of IDBI, to press state-backed Life Insurance Corporation LIFI.NS to pump in 216 billion rupees, or $2.4 billion at current rates, to raise its 8% stake to 51% in 2019.

LIC now holds 49% of IDBI's shares and the government owns 45%. Selling a 30% stake to Fairfax at the latest market price would fetch the insurer a 136% return on its 2019 investment. New Delhi would be worse off, though: the lender's shares trade lower than they did 13 years ago.

Yet even current multiples may be difficult to fetch. IDBI's shares are trading at about 2 times forward book value, almost twice that of similar-sized rivals Yes Bank YESB.NS and IDFC First Bank IDFB.NS. Throwing in employee liabilities, restructuring costs and the likely absence of indemnity clauses gives the buyer a strong case for a discount.

An abundance of takeover targets has hurt New Delhi, too. Launched in 2022, the slow-moving sale process of IDBI prompted early potential bidders to look elsewhere: last year Sumitomo Mitsui Banking Corporation 8316.T bought a 24% stake in Yes Bank.

With Emirates NBD ENBD.DU still in the reckoning with Fairfax, it's a two-horse race to own IDBI. Both bidders already have a foothold in India's credit market: the Dubai-headquartered lender is set to take control of the $2 billion RBL Bank RATB.NS and Fairfax owns $675 million CSB Bank CSBB.NS.

That chips away at any shred of bargaining power left with the sellers, who can hardly demand a control premium. Regulations cap voting rights of private bank shareholders at 26%. That puts the new owner effectively at par on voting decisions with LIC and the government, which will hold a combined 34% after the sale. To maximise takings, officials could ask the central bank to relax the voting rule. The other option is to reduce their total stake to well below 26%.

Otherwise, New Delhi risks catching the weak end of India's banking M&A wave.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

Fairfax Financial Holdings is the frontrunner to buy a majority stake in IDBI Bank, Bloomberg reported on February 27, citing unnamed people familiar with the matter.

Valuing the 61% stake that the government and the Life Insurance Corporation of India hold in IDBI at the current market price of about $8 billion could make it the biggest foreign direct investment in the country's banking sector, the report added.

(Editing by Antony Currie; Production by Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

-- Source link: https://tinyurl.com/5f8977v7

-- Note: Reuters has not verified this story and does not vouch for its accuracy

(([email protected]))

Feb 10 (Reuters) - IDBI Bank Ltd IDBI.NS:

• IDBI BANK LTD - RECEIVES NOTICE OF STRIKE ON FEBRUARY 12, 2026

Source text: ID:nBSE4HyZ3Z

Further company coverage: IDBI.NS

(([email protected];))

** India's IDBI Bank IDBI.NS shares drop 2% in early trade

** India's divestment secretary said on Friday it got bids for a stake sale in the lender without disclosing details

** Reuters reported on Friday citing sources Kotak Mahindra Bank KTKM.NS among firms in fray to bid for IDBI Bank stake

** KTKM, in an exchange filing on Saturday, denied participation in the sale

** KTKM shares up 1% on the day

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Adds details from government spokesperson and holdings from paragraph 3

Feb 7 (Reuters) - India's Kotak Mahindra Bank KTKM.NS said in an exchange filing on Saturday that it has not submitted a financial bid for IDBI Bank IDBI.NS.

Reuters on Friday reported that the private lender was one of the bidders for the state-owned bank.

The government has received bids for the bank, Divestment Secretary Arunish Chawla said on Friday, without disclosing details.

The Indian government and state-owned Life Insurance Corporation of India (LIC) (LIFI.NS) together plan to sell 60.7% of the lender as part of a broader government privatisation programme. The government owns 45.48% of IDBI Bank, while LIC holds 49.24%.

(Reporting by Sai Ishwarbharath B; Editing by Sam Holmes)

IDBI Bank Ltd IDBI.NS:

• INDIA DIVESTMENT SECY: INDIAN GOVERNMENT RECEIVES FINANCIAL BIDS FOR IDBI BANK STAKE SALE

Source text: [ID:]

Further company coverage: IDBI.NS

Adds details from paragraph 2-9

By Nikunj Ohri

NEW DELHI, Feb 2 (Reuters) - The Indian government is holding inter-ministerial consultations to raise the limit on foreign direct investment in state-run banks to 49% from 20%, India's financial services secretary M Nagaraju told reporters on Monday.

Foreign interest in India's banking industry is on the rise as evidenced for instance by Dubai-based Emirates NBD's ENBD.DU $3 billion purchase of a 60% stake in private RBL Bank RATB.NS.

Currently, India allows 74% foreign investment in private banks but limits shareholdings of any single foreign institution to 15% unless the Reserve Bank of India grants an exemption.

The Asian nation plans to more than double current limits of direct foreign investment in state-run banks, Nagaraju said. Raising the foreign ownership limit will help them gain more capital in the coming years, Reuters reported last year.

Separately, India's state-run banks will launch qualified institutional placement (QIP) of shares worth about 500 billion rupees ($5.46 billion) in the fiscal 2026-27 year (April-March), more than the planned 450 billion rupees in the current fiscal year, Nagaraju said.

He was speaking to reporters in New Delhi a day after Finance Minister Nirmala Sitharaman presented the nation's annual budget .

New Delhi may also launch an offer next year to sell a portion of its stake in the insurance behemoth Life Insurance Corporation LIFI.NS, he added.

The Indian government will also get financial bids for IDBI Bank IDBI.NS this month, Nagaraju said.

The government, which owns 45.48% in IDBI Bank, and state-owned LIC which holds 49.24%, together plan to sell 60.7% of the lender. IDBI Bank had to be rescued by the state-owned insurer in 2019 after a surge in bad loans at the lender.

($1 = 91.6350 Indian rupees)

(Reporting by Nikunj Ohri; Writing by Tanvi Mehta; Editing by Sonali Paul and Raju Gopalakrishnan)

(([email protected];))

By Gopika Gopakumar and Nikunj Ohri

MUMBAI, Jan 30 (Reuters) - India's federal government has set a February 5 deadline for financial bids for IDBI Bank IDBI.NS as it looks to divest a majority of its holding in the lender, according to two sources familiar with the matter.

The deadline has been communicated to bidders who are eligible for bidding, suggesting that the process of disinvestment in IDBI Bank has entered its final phase.

The central bank had approved Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank KTKM.NS as eligible bidders in 2024, Reuters had previously reported. The divestment process has been underway since then, with the government trying to finalize the details of the stake sale process.

The government had earlier said that it hoped to complete the stake sale process, which began in 2022, by March 2026.

The government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India LIFI.NS which holds 49.24%, together plan to sell 60.7% of the lender.

As part of the stake sale, the successful bidder will be allowed to rename the bank, a separate source familiar with the process said.

IDBI Bank had to be rescued by the state-owned insurer in 2019 after a surge in bad loans at the lender.

An email sent to the federal finance ministry, under which the divestment process falls, was not immediately answered.

(Reporting by Gopika Gopakumar in Mumbai and Nikunj Ohri in New Delhi; Editing by Anil D'Silva)

(([email protected]; +91-9833024892;))

** Shares of Indian lender IDBI Bank IDBI.NS rise 2.55% to 97.89 rupees

** Govt has formally invited bids for strategic disinvestment in the bank to privatize it - media report from NDTV Profit

** All key regulatory and security clearances completed, decision likely to be announced by March - report

** Trading vols at 18.3 mln shares so far vs 30-day avg of 15.8 mln shares

** Stock up ~35% in 2025

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

Dec 29 (Reuters) - IDBI Bank Ltd IDBI.NS:

• FACES 3.5 MILLION RUPEES PENALTY

Source text: ID:nBSE1BVT01

Further company coverage: IDBI.NS

(([email protected];))

Repeats story published on Monday, with no changes to the text

By Gopika Gopakumar

Oct 13 (Reuters) - Dubai-based bank Emirates NBD ENBD.DU is in advanced talks to buy a stake in Indian private lender RBL Bank RATB.NS, two people familiar with the deal told Reuters.

The Dubai bank is looking to invest in the lender via a preferential allotment of equity and warrants, one of the people familiar with the deal said.

The initial stake purchase could go up to 25%, that person said.

Both sources declined to be identified as they are not authorised to speak to the media.

The talks were first reported by two Indian financial media outlets.

Emirates NBD declined comment while RBL Bank did not immediately respond to a Reuters request for comment.

RBL Bank has a market capitalisation of 177.28 billion Indian rupees ($2.00 billion) and is widely held by retail shareholders and fund houses, as per data from NSE. Shares on Monday closed down 0.82%.

Reuters could not determine the value of the deal or if it will be announced imminently.

The UAE's second-largest bank by total assets has been looking to expand in India and was previously in talks to pick up a stake in government-owned IDBI BankIDBI.NS.

Reuters reported in June that the Reserve Bank of India (RBI) was considering possible rule changes to allow higher foreign ownership in Indian banks, amid overseas buyers' interest and India's need for long-term capital.

Under current regulations, foreigners, including portfolio investors, can own up to 74%, but a strategic foreign investor is limited to 15%.

In May, the RBI made an exception to allow Japan's Sumitomo Mitsui Banking Corp (SMBC) to buy a 20% stake in Yes Bank. SMBC agreed to acquire a further 4.2% stake in September.

($1 = 88.6350 Indian rupees)

(Reporting by Gopika Gopakumar in Mumbai; Additional reporting by Ananta Agarwal in Bengaluru and Federico Maccioni; Editing by Tasim Zahid and Tomasz Janowski)

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Aug 8 (Reuters) - IDBI Bank Ltd IDBI.NS:

• IDBI BANK LTD - RECEIVES NOTICE FOR STRIKE ON AUGUST 11, 2025

Source text: ID:nBSEbwfWdB

Further company coverage: IDBI.NS

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