IDBI Bank shares rise 5% as RBI begins evaluating potential bidders
As per data available on BSE, Central Government holds a 45.8% stake in IDBI Bank, while the state-owned Life Insurance Corporation of India holds a 49.24% stake in the Bank as of December 2022.The RBI is also conducting a “fit and proper evaluation”, including extensive background and financial checks on the potential buyers, a crucial step before an investor is allowed to pick up a stake in a local bank, the people added
