IDBI Bank Sale Nears: Kotak, Emirates NBD, Fairfax in Final Race for 61% Stake

• The government is set to finalize the new owner of IDBI Bank this week, with final bids being submitted.
• Kotak Mahindra Bank, Emirates NBD, and Fairfax India Holdings are the three shortlisted bidders.
• The government and LIC are selling a combined 61% stake in IDBI Bank, aiming to generate around 33,000 crore rupees.
• The deal, stalled since 2020, is a significant disinvestment and a test of confidence in India's banking sector.
• The entire process, including regulatory approvals and due diligence, is expected to conclude within FY2026.