 "IDBI Bank")
The Centre is looking to offload its stake in IDBI Bank in FY21, notwithstanding the tough market conditions due to the Covid-19 pandemic, a top government official said on Saturday.
“We are planning to exit our stake in IDBI Bank this year itself,” the official said.
In her Union Budget 2020-21 speech, Finance Minister Nirmala Sitharaman had said that the government would sell its entire stake in IDBI Bank to private players. The government, a promoter, holds around 46.5 per cent stake in IDBI Bank, while LIC owns 51 per cent.
The official, in an interaction with journalists, also spoke
