05-November-2026
Banking
 
IDBI Bank's Sale Is A Turning Point For Indian Banking
05-Nov-2026

What do IDBI Bank Ltd and Air India have in common? For both, privatisation turned into a five-year plan. Of course, the erstwhile Planning Commission is not involved in their cases! Following Cabinet approval in June 2017, the government invited expressions of interest (EoIs) for Air India in March 2018, offering a 76 per cent stake, but it drew no bids.

News Source:- https://www.rediff.com/business/column/idbi-banks-sale-is-a-turning-point-for-indian-banking/20261105.htm