IDBI Bank share value: Shares of IDBI Bank crashed as a lot as 14% within the early commerce to hit a low of ₹79.25 apiece on the NSE on Monday, March 16, because the strategic sale of IDBI Bank has possible been scrapped. This is as a result of the monetary bids put in by potential patrons have been beneath the reserve value.
According to a report by PTI, the federal government and LIC have been collectively seeking to promote 60.72% in IDBI Bank and had floated an Expression of Interest (EoI) in October 2022. Financial bids got here in on February 6.
The PTI report that quoted its sources mentioned the monetary bids for the IDBI Bank strategic sale have are available in decrease than the reserve value set by the inter-ministerial group on disinvestment headed by secretaries within the finance ministry.
According to sources, the report mentioned, the bids for IDBI Bank have been opened, they usually have been beneath the reserve value set by the IMG and agreed to by the core group on disinvestment, which is chaired by the Cabinet secretary.
Prem Watsa-led Fairfax and Emirates NBD are reported to have put in bids for the strategic sale of IDBI Bank.
Currently, the federal government and state-owned LIC collectively maintain a 94.71% stake in IDBI Bank. The authorities owns 45.48%, and LIC holds 49.24% within the lender. Of this, the federal government and LIC wish to promote 60.72% in IDBI Bank.
IDBI stake sale: Background and key particulars
In October 2022, the federal government and Life Insurance Corporation of India (LIC) invited an expression of curiosity (EoI) for promoting a 60.72% stake in IDBI Bank. The Centre and LIC proposed parting with 30.48% and 30.24% stakes, respectively.
In January 2023, the federal government mentioned it obtained a number of preliminary bids. Following that, the bids have been despatched for safety clearance from the Ministry of Home Affairs (MHA) and a ‘Fit and Proper’ evaluation from the RBI.
The shortlisted bidders who obtained each the clearances in a while undertook due diligence of the financial institution.
In January 2019, the Life Insurance Corporation of India (LIC) accomplished the acquisition of a 51% controlling stake in IDBI Bank for roughly ₹21,624 crore to rescue the lender from heavy dangerous loans as a part of the disinvestment course of.
Consequently, the financial institution was categorised as a private-sector financial institution by the Reserve Bank of India (RBI).
In December 2020, the lender was reclassified as an affiliate firm following the discount of LIC’s stake within the financial institution to 49.24%.
IDBI Bank Q3 FY26 earnings
IDBI Bank reported virtually flat revenue at ₹1,935 crore for the third quarter ended December 2025 (Q3 FY26).
The LIC-controlled financial institution reported a internet revenue of ₹1,908 crore within the year-ago interval.
However, the financial institution’s complete revenue declined to ₹8,282 crore through the quarter below overview from ₹8,565 crore in the identical interval final yr, IDBI Bank mentioned in a regulatory submitting.
The financial institution’s curiosity revenue additionally fell through the third quarter of the present fiscal yr to ₹7,074 crore towards ₹7,816 crore a yr in the past.
The gross non-performing asset (NPA) ratio improved to 2.57% as of December 31, 2025, in comparison with 3.57% a yr in the past.
However, the web NPA remained static at 0.18% on the finish of December 2025.
During the quarter, nevertheless, the financial institution’s capital adequacy ratio rose to 24.63% in comparison with 21.98% on the finish of December 2024.
On the opposite hand, Return on Assets (ROA) moderated to 1.83% in Q3 FY2026 in comparison with 1.99% for Q3 FY2025.
With inputs from PTI
Disclaimer: This article is only for informational functions and shouldn’t be thought-about funding recommendation from Upstox. Please seek the advice of with a monetary advisor earlier than making any funding choices.
