Modi govt may finally realise Rs 29,000 cr from divestment of this bank following RBI green signal

The Reserve Bank of India has reportedly given its 'fit and proper' approval on bidders for IDBI Bank ahead of the Union Budget 2024, except one foreign participant, putting the ball squarely in Modi government's court. The Modi government's ambitious privatization plans, including IDBI Bank, have seen limited progress due to the upcoming general elections. The upcoming budget is expected to provide key insights.