Archive · 2 Feb 2026
IDBI Bank Sale at Advanced Stage
The government of India is in the process of selling IDBI Bank.
They have reached stage 3, which means they are asking companies to submit their technical and financial plans.
The government plans to share more details before the end of the financial year 2026.
They also have other plans, like possibly merging two big companies, PFC and REC, to make financing power utilities easier.
The government is aiming to complete 3-4 more deals this year and double that number next year.
They want to make sure the market stays stable and are considering all options for their public sector enterprises.
IDBI Bank's strategic disinvestment has reached stage 3, with technical and financial bids invited.
More details on the IDBI transaction will be shared before the end of FY26.
The government's disinvestment target is a composite number including asset and land monetisation, and InViTs.
Potential PFC-REC merger is under consideration for centralised power utility financing.
3-4 more disinvestment deals expected in the current financial year, likely to double next fiscal.
- Who
- DIPAM Secretary Arunish Chawla, Government of India
- What
- Strategic disinvestment of IDBI Bank, potential PFC-REC merger, and upcoming disinvestment deals
- When
- Current financial year and next fiscal year
- Where
- India
- Why
- To achieve disinvestment targets, improve market conditions, and enhance power utility financing
- Bank
- IDBI Bank
- Current Stage
- Stage 3 (technical and financial bids invited)
- Disinvestment Target
- Composite number including asset and land monetisation, InViTs
- Government Stake Reduction
- All possibilities being considered, including reducing stake to 26%
- Potential Merger
- PFC-REC merger under consideration for centralised power utility financing
- Upcoming Transactions
- 3-4 more deals expected in current financial year, likely to double next fiscal
