An important news is coming for bank customers. Actually, the central government has taken a big decision. The central government is going to sell a big government bank. If you have also opened an account in this bank then definitely read this news.
The Central Government has decided for the strategic sale of IDBI Bank. For this, the government on Wednesday has invited a new request for proposal (RFP) from asset valuers for the bank.
Releasing the RFP, the Department of Investment and Public Asset Management (DIPAM) said asset appraisers can submit their bids till January 5. DIPAM had last week canceled the bidding process for the appointment of asset valuer for IDBI Bank. This has been done due to not getting the expected response from the bidders.
Criteria will be reviewed
An official had said that a fresh RFP would be invited soon after reviewing some bidding criteria to garner better interest from bidders. Asset valuers applying must be registered with the Insolvency and Bankruptcy Board of India, SEBI or the Institute of Chartered Accountants of India (ICAI).
Government is selling so much stake
Let us tell you that the government along with LIC is selling about 61 percent stake in IDBI Bank. For this, several expressions of interest (EOI) were received in January. DIPAM Secretary Tuhin Kant Pandey had last week said the IDBI Bank strategic sale deal was going ahead, but it would not be completed in the current financial year.
There was a rise in the shares
IDBI Bank shares have seen a rise today. The bank’s shares closed on the green mark with gains today. Currently the shares of IDBI Bank have closed at the level of Rs 61.95. Bank shares have been rising for the last 5 days.
It has increased by more than 3 percent. IDBI Bank shares have risen by more than 12 percent in the last 6 months. It has increased by more than 15 percent in the last one year.
