Bank Privatisation: Big news for bank customers, this bank may also be privatized in July, know how much is the government's stake?

 


Bank Privatization News: According to media reports, the central government may invite initial tender for privatization of IDBI Bank by the end of July.

Bank Privatization:  Big news is coming out regarding bank privatization. The central government can start the process of privatization of another bank in the month of July. According to media reports, the central government may invite for the initial tender for the privatization of the bank by the end of July. 

Also read - Despite the third wave of Corona, India's economy has strengthened: US Treasury

Let us tell you that the central government can sell stake
in IDBI Bank in July in the month of July. According to information received from an official, DIPAM is conducting a road show for the sale of IDBI Bank in America. After this the process is likely to be completed soon. 

Another round is to be discussed with RBI
According to the information received from the official, another round is to be discussed with the Reserve Bank regarding the sale of IDBI Bank. EOI can be invited by the end of July. 

Also read - Rajya Sabha Election Result 2022: Rajya Sabha election results declared, know who won and who lost? View full list here

How much is the share of government and LIC?
The government's stake in IDBI Bank is 45.48 percent. At the same time, LIC holds 49.24 percent stake. 

Planning to sell stake in many companies going forward?
The central government is planning to sell stake in many companies in the coming days. The government has prepared a list of public companies, which includes many companies including Shipping Corp, Concor, Vizag Steel, IDBI Bank. In this current financial year, the government has so far raised Rs 24,000 crore through disinvestment. 

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