Govt to soon reach out to potential buyers of debt-laden IDBI Bank

The government will soon reach out to interested buyers of IDBI Bank and inform them about the broad contours of the strategic disinvestment, which is going to lay the groundwork for privatisation of public sector banks.
 
The Centre, through its advisors, will share the strategic sale plan with investors, and how the deal is expected to be structured, an official said.
 
The exercise would be undertaken before the government comes out with the preliminary information memorandum (PIM) and invites expression of interest (EoI) for the IDBI Bank sale, said an official. The investors’ interest would be gauged, and