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HomeBreaking NewsDoubts over IDBI stake sale due to weak response

Doubts over IDBI stake sale due to weak response

NEW DELHI: The government’s plan to sell its stake in IDBI Bank , along with LIC , has received a tepid response, raising a fresh question mark over the transaction. Some of the private lenders, who considered buying the equity in what has been a perpetual problem child for the government, are said to be not entirely convinced about its long-term prospects. IDBI Bank, which was earlier a development financial institution, still has a large pool of legacy assets, which impact performance in difficult times. Besides, the government was hoping for a special dispensation from the Reserve Bank of […]

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