IDBI Bank Divestment: Kotak, Emirates NBD, Fairfax to Submit Final Bids This Week

• Government aims to complete IDBI Bank divestment in FY26, expecting to raise around Rs 33,000 crore.
• Kotak Mahindra Bank, Emirates NBD, and Fairfax India Holdings are set to submit final bids for a 61% stake.
• The Centre and LIC together hold about 90% stake; government to divest 30.48% and LIC 30.24%.
• Bids will be submitted to DIPAM, opened in presence of transaction advisers and inter-ministerial group.
• RBI had cleared four bidders, including Oaktree Capital, from a 'fit and proper' perspective.