 "IDBI bank")
The finance ministry (FinMin) has raised concern over the “inordinate” delay at the Reserve Bank of India (RBI) to complete the vetting process of the interested bidders for IDBI Bank. The long vetting process has kept the strategic stake sale on hold, a senior government official told Business Standard.
The ‘fit and proper assessment’ by the RBI is a key step for the qualified parties to be eligible to put in their financial bids. “We feel the RBI has taken inordinate time. We have flagged it, we have questioned and persuaded them. They keep seeking more information and queries (to
