Monetary bids for the strategic disinvestment of IDBI Financial institution have been acquired and can now be evaluated in step with the prescribed process, the Division of Funding and Public Asset Administration (DIPAM) below the Union Finance Ministry stated on February 6.
Confirming the event, DIPAM Secretary stated in a put up on X (formally twitter), “Monetary Bids have been acquired for the Strategic Disinvestment of the IDBI Financial institution. They are going to be evaluated as per the prescribed process.”
The Union authorities and Life Insurance coverage Company of India (LIC) collectively maintain round 90 per cent stake in IDBI Financial institution. As a part of the transaction, the federal government is divesting its 30.48 per cent stake, whereas LIC is offloading 30.24 per cent. Officers estimate the disinvestment might fetch about ₹33,000 crore for the exchequer.
In a post-Funds interplay on February 1, DIPAM Secretary Arunish Chawla stated the strategic sale of IDBI Financial institution had moved into the third part, with each technical and monetary bids invited. He added that additional readability on the transaction might emerge earlier than the tip of the present monetary yr.
The proposal to disinvest IDBI Financial institution was first introduced within the Union Funds for FY21 in February 2020. A proper request for proposal (RFP) was issued in October 2022, marking a key step within the privatisation course of.
In accordance with stories, the Reserve Financial institution of India (RBI) has cleared 4 bidders from a ‘match and correct’ standpoint — Kotak Mahindra Financial institution, Fairfax India Holdings, Emirates NBD and Oaktree Capital.
Any profitable bidder will nonetheless require last approval from the RBI below its ‘match and correct’ standards, together with clearances from statutory and regulatory authorities together with the Competitors Fee of India (CCI). The successful bidder will even be required to make an open supply to IDBI Financial institution’s minority shareholders.
To facilitate the transaction, the Centre and LIC have sought approvals to relinquish their promoter standing. Moreover, the Securities and Change Board of India (SEBI) has been approached to exempt IDBI Financial institution from the minimal public shareholding norm, which mandates a 25 per cent free float for listed firms.
The Union Funds has set a disinvestment and asset monetisation goal of ₹80,000 crore for FY27, with the IDBI Financial institution transaction anticipated to be one of many key contributors.
IDBI Q3 outcomes
IDBI Financial institution posted a marginal 1.4 per cent year-on-year rise in standalone web revenue for the December quarter at ₹1,935 crore, in contrast with ₹1,908 crore within the corresponding interval final yr. Nonetheless, revenue after tax declined sharply by 47 per cent on a sequential foundation from ₹3,627 crore reported within the September quarter of FY26.
The financial institution’s curiosity revenue for the quarter fell 9 per cent year-on-year to ₹7,073.55 crore from ₹7,816 crore a yr earlier, and was marginally decrease by 0.4 per cent in contrast with ₹7,104 crore in Q2 FY26.
Complete enterprise stood at ₹5,46,643 crore as of December 31, 2025, marking a 12 per cent improve year-on-year.
Complete deposits grew 9 per cent year-on-year to ₹3,07,858 crore, whereas web advances rose 15 per cent to ₹2,38,786 crore. The company-to-retail combine within the gross advances portfolio stood at 29:71 on the finish of December 2025.
Asset high quality improved through the quarter, with gross non-performing belongings declining by 100 foundation factors year-on-year to 2.57 per cent, whereas web NPA stood at 0.18 per cent. The availability protection ratio was largely secure at 99.33 per cent as of December 31, 2025, in contrast with 99.47 per cent a yr earlier.
Shares of IDBI Financial institution ended the day at Rs 106.72 up 3.63% from its earlier shut.
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