Momentary pause on IDBI's disinvestment due to slowed down evaluation processes?

The government’s strategic disinvestment of IDBI Bank is expected to be pushed to the next financial year as the evaluation process has slowed down, sources said. The delay reportedly stems from extensive scrutiny of bids and compliance checks by regulators and transaction advisors. Officials indicate that completing these assessments and securing final approvals will take additional time. As a result, the proceeds from the stake sale are unlikely to be realised within the current fiscal year, raising concerns over the Centre’s non-debt capital receipts falling short of the Budget target. The government and LIC together hold nearly a 95% stake in IDBI Bank, and the sale process has drawn interest from both domestic and foreign investors.