There are no immediate plans for the Government’s dilution in IDBI Bank, at least in this fiscal. It is likely to happen only in the next fiscal.
There are no immediate plans of the Government to dilute its stake in IDBI Bank, at least in this fiscal and is likely to happen only in the next fiscal.
Moreover, the government would wait for a good offer before deciding on the stake sale, say sources to CNBC-TV18. It will be a prudent commercial call taken by the government.
The stake sale will happen only after the bank’s balance sheet is cleaned-up.
It is likely that the capital short-fall after the third quarter results for IDBI Bank may stand around Rs 5000 crore and the government may lend a helping hand by putting around Rs 1000-1500 crore before March-end.