IDBI Bank share price in focus: Check what DIPAM said on strategic disinvestment

"Financial bids have been received for the strategic disinvestment of the IDBI Bank. They will be evaluated as per the prescribed procedure," the DIPAM secretary said in a post on X.

"They will be evaluated as per the prescribed procedure,” Dipam said, without disclosing further details.

The privatisation process of IDBI Bank has been getting delayed for over the past three years. The government, together with LIC, had in October 2022 invited EoI (Expression of Interest) for privatising IDBI Bank by selling a total of 60.72% stake. This includes a 30.48% stake of the central government and 30.24% shares of LIC.

Pursuant to inviting EoIs in October 2022, the DIPAM, in January 2023, had said it had received multiple EoIs for IDBI Bank.

The prospective buyer of IDBI Bank has already been granted security clearance by the Ministry of Home Affairs (MHA) and cleared for a fit and proper evaluation by the Reserve Bank of India (RBI).

The next stage in the strategic disinvestment process would be that a 'Reserve Price', based on valuations by the Transaction Adviser (TA) and the Asset Valuer (AV), will be fixed using respective methodologies as per the established process.

After the independent fixation of the reserve price, the already received sealed financial bids would be opened in the presence of the bidders.

The successful bidder will be the one whose offer is the highest among all valid bids, exceeding the reserve price.

The Alternative Mechanism (AM), comprising the Minister of Road Transport and Highways and the Finance Minister, empowered by the Cabinet Committee on Economic Affairs (CCEA), would then meet and approve the highest price bid.

IDBI Bank Q3 FY26 Results

IDBI Bank reported almost flat profit at ₹1,935 crore for the third quarter ended December 2025.

The LIC-controlled bank reported a net profit of ₹1,908 crore in the year-ago period.

However, the bank's total income declined to ₹8,282 crore during the quarter under review from ₹8,565 crore in the same period last year, IDBI Bank said in a regulatory filing.

The bank's interest income also fell during the third quarter of the current fiscal year to ₹7,074 crore against ₹7,816 crore a year ago.

The gross non-performing asset (NPA) ratio improved to 2.57% as of December 31, 2025, compared to 3.57% a year ago.

About IDBI Bank

IDBI Bank was started as a government-owned development finance institution. The bank was established under the Industrial Development Bank of India Act, 1964, as a Development Financial Institution (DFI) and came into existence on July 1, 1964.

It operated as a development finance institution, mainly offering financial services to the industrial sector, for 40 years until September 2004, under the name Industrial Development Bank of India Limited. It was converted to IDBI Ltd in October 2004.

It was amalgamated with IDBI Ltd and became one of the leading public sector banks in India. In 2006, Union Western Bank Ltd, a Satara-based private sector bank, was merged into IDBI Bank. IDBI Ltd was renamed IDBI Bank Ltd in May 2008.

In 2011, IDBI Home Finance Ltd and IDBI Gilts Ltd, both subsidiaries of IDBI Bank Ltd, were merged with the parent entity. In 2019, the Reserve Bank of India categorised IDBI Bank as a private sector bank for regulatory purposes.

IDBI Bank has been extending financial services to a broad category of industrial entities, from large to medium enterprises. These enterprises belong to different sectors like manufacturing, shipping, mining, transport, hotel and hospitality, and healthcare.