IDBI Bank Stake Sale Advances; Kotak Clarifies No Bid Filed
The government has received financial bids for selling a 60.72% stake in IDBI Bank, with the deal expected to conclude in FY26. While reports named the Kotak group among bidders, Kotak Mahindra Bank has officially denied submitting any financial bid. The development keeps the high-profile bank privatisation process in focus.
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