IDBI Bank's stake is jointly held by LIC and the government, while Emirates NBD is reported as a likely bidder for a stake in the bank.
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Updated oct 15
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How it started
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
IDBI Bank's stake is jointly held by LIC and the government, while Emirates NBD is reported as a likely bidder for a stake in the bank.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Centre and LIC jointly plan to sell 60.72 percent stake in IDBI Bank, seeking Rs 50,000 crore via divestment.Sub-event
LIC and Fairfax are actively bidding for a stake in IDBI Bank as part of the government privatization.1 source
Emirates NBD is reportedly interested in acquiring a stake in IDBI Bank.1 source
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The entities involved
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IDBI Bank
Indian private sector bank
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Life Insurance Corporation of India
Indian state-owned insurance group and investment company
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Emirates NBD
Middle Eastern banking group
Related events
- Emirates NBD was listed as a participating bank in an event related to the Dubai Financial Market.
- The government is selling a stake in IDBI Bank, and Blackstone is noted as a buyer of Indian assets.
- The government approved the sale of a share in IDBI Bank.
- RBI classified IDBI Bank as a private-sector lender on October 1, 2026.
- The Government of India considers privatization for Indian Overseas Bank, IDBI Bank, and Central Bank of India.