Govt evaluating financial bids for strategic stake sale in IDBI Bank

•The government is evaluating financial bids for a 60.72% stake sale in IDBI Bank, with two bidders, Fairfax and Emirates NBD, in the running.

•Both bidders have experience in Indian banking and have received necessary security clearances and assessments.

•Fairfax and Emirates NBD initially bid below the reserve price but submitted revised bids in July 2026.

•The government and LIC hold 94.71% of IDBI Bank's stake, with the Centre and LIC looking to sell 60.72%.