The government has invited financial bids for IDBI Bank’s strategic disinvestment, marking a key step toward completing the long-pending transaction. The Department of Investment and Public Asset Management (DIPAM) issued the invitation after securing approval from the Finance Minister-led panel. Prospective bidders have been granted a month to submit their financial offers. Before this stage, DIPAM conducted multiple rounds of discussions with interested bidders and completed all essential approvals, including security clearance and the fit-and-proper evaluation by the concerned agencies. With due diligence and procedural clearances finalized, the government aims to fast-track the remaining process. Officials indicate that efforts are underway to complete the IDBI Bank sale by the end of FY26, aligning with the broader privatization agenda and fiscal consolidation goals. The move is seen as one of the major milestones in India’s banking sector reform and asset monetization pipeline.