The Union government is expected to call for revised financial bids from two shortlisted suitors for the strategic disinvestment of IDBI Bank, after initial offers reportedly fell short of the reserve price. The sale of stake jointly held by the Centre and Life Insurance Corporation (LIC) is seen as a key step in India’s broader privatization drive, aimed at bolstering government resources amid global economic uncertainty. Sources indicate that the Department of Investment and Public Asset Management (DIPAM) may soon reopen the financial evaluation process, allowing bidders to reassess valuations. The move comes as New Delhi prioritizes the completion of key divestments in FY27, with IDBI Bank remaining one of its most prominent pending transactions. Once concluded, the sale will mark India’s first full-scale privatization of a public sector lender, setting the tone for future reforms in the banking sector.