Govt weighs options to revive stalled IDBI Bank privatization

This report covers key India-focused updates related to loans, EMI, interest rates and banking. Govt weighs options to revive stalled IDBI Bank privatization Indian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectations earlier this year. Officials are considering lowering the reserve price by up to 20% and reducing reliance on the bank’s market price to make the deal more attractive to buyers, according to people familiar with the matter. (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.