 "idbi bank")
The central government has approached the Reserve Bank of India (RBI), seeking relaxation in the promoter shareholding cap for the new buyer of IDBI Bank.
The Centre has sought relaxing the 26-per cent cap for new promoters of IDBI Bank, as it looks to initiate a strategic divestment of the lender. The RBI is considering the Centre’s proposal, as the government plans to come up with an expression of interest (EoI) and preliminary information memorandum for the bank's sale.
The Department of Investment and Public Asset Management has had consultations with the RBI late last month, along with government-appointed intermediaries, to finalise
