India: Govt to further divest from IDBI Bank, reducing stake to less than 50%

India: Govt to further divest from IDBI Bank, reducing stake to less than 50%

Photo: Mint

In a step that indicated an openness to privatizing state-owned banks, Union finance minister Arun Jaitley on Monday said the government is committed to reducing its stake in IDBI Bank to under 50%.

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