Govt evaluating financial bids for IDBI Bank strategic sale: Sources

The government is evaluating the financial bids for strategic stake sale in IDBI Bank and the process is moving at a steady pace, government sources said on Friday (September 25, 2026).

In July, billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD had put in their revised bids to buy 60.72% in IDBI Bank, sources had earlier said.

The strategic disinvestment of IDBI Bank is moving at a steady pace. The government is evaluating the financial bids submitted by the interested investors, the sources said, without disclosing any further details.

Both the bidders have experience in the Indian banking sector, with Dubai-based Emirates NDB acquiring majority stake in RBL Bank earlier this year and Fairfax Financial holding a 40% stake in the private-sector CSB Bank.

The bidders already have security clearance from Ministry of Home Affairs (MHA) and 'Fit and Proper' assessment from the Reserve Bank of India.