Bank Privatization Big Update: After the merger of many banks in the country, the government is insisting on the privatization of banks. Now the government has decided to sell its stake in the government bank. Let us know about it in detail.
After the merger of many banks in the country, the government is insisting on the privatization of banks. Various efforts are being made by the government to improve the banking system of the country.
At present, the government has decided to sell its stake in the government bank. 3 Indian companies are showing interest to buy this bank. If you also have an account in this government bank, then know what will affect the customers-
The process will be completed only in December
Let us tell you that the government is going to sell its stake in IDBI Bank and the government can complete this process only in December this year. Finance Minister Nirmala Sitharaman announced this in the budget last year.
Who is in the shopping race?
Let us tell you that Carlyle Group, Fairfax Financial Holdings, and DCB Bank are showing great interest in buying this bank. During this news, a strong rise was seen in the shares of the bank on Wednesday. According to information received from sources, all of them can bid for about 10 percent stake in IDBI Bank.
Interacted with Finance Ministry officials
The companies running in the shopping race have held talks with the Deepam officials about this. Along with this, discussions have also been held with the officials of the Finance Ministry and investment bankers of IDBI regarding the purchase. At present, no official information has been given in this regard by the Finance Ministry.
stock gains
Talking about the bank's stock, after Wednesday's trading, the stock closed at the level of Rs 58.85. At the same time, in the last 5 days, the shares of the company have seen a gain of 11.25 percent. Apart from this, the stock has gained 18.89 percent in the last month as well.
