Business Standard

ING planning return to India by buying controlling stake in IDBI Bank

The government and the Life Insurance Corporation of India together may sell 60.72 per cent of IDBI Bank

Premium

BS Web Team
Dutch banking group ING is planning to return to India by buying a controlling stake in the state-owned lender IDBI Bank, The Economic Times reported On Wednesday.

Citing two people familiar with the development, the publication reported that ING top brass were in New Delhi recently to discuss the matter with senior officials. 

The government and the Life Insurance Corporation of India together may sell 60.72 per cent of IDBI Bank.

Five to 7 prospective candidates – like Japan’s SBMC and Oaktree Capital -- are believed to have submitted EoIs before the deadline ended on January 7.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 18 2023 | 11:40 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com