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IDBI Bank sale: RBI may not relax stake-dilution timeline for new buyer – Business Standard

Govt intime periodediaries sought exemptions in IDBI financial institution sale beneath RBI guidelines, which require promoters’ shareholding to be lowered by 26% submit acquisition

Primeics
RBI | IDBI Bank | privatisation


Nikunj Ohri  | 
New Delhi 

Last Up So far at June 12, 2022 22:15 IST

The Reserve Bank of India (RBI) is unlikely to grant any particular dispensation to The mannequin new purchaser of IDBI Bank over the submit-acquisition glide path for reducing promoter shareholding Inside the Prolonged time period.

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Source: https://www.business-standard.com/article/economy-policy/idbi-bank-sale-rbi-may-not-relax-stake-dilution-timeline-for-new-buyer-122061200717_1.html

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