The government is working on selling shares in IDBI Bank and expects it to be accomplished by the end of 2025, said M Nagaraju, secretary of the Department of Financial Services.
“It is on the right track and the process is turned on. We will finish according to the time schedule, which will take place this calendar year,” he told Nagaraju to reporters off the beaten track organized by the National Housing Bank.
Earlier on Monday, NDTV profit According to the Secretary of the Investment Department and Public Arunish Chawla resource management, according to the Secretary of the Investment and Public Kit Management Department, according to the Secretary of the Investment Department and Public Management of the Bquest Arunish Chawla, according to the Secretary of the Department of the Department of the Investment Department and Public Management of Arunish Chawla Forward with key assets sales plans, including the sale of shares in the IDBI bank as part of a wider disinfection strategy.
When asked about the judgment of the Supreme Court, which put aside the JSW Steel plan, he purchased Bhushan Power and Steel, Nagaraj said that the government discussed it with banks and is in the process of finalizing the answer.
“We must seriously look at the sentence. I have already checked with all banks. We took a position, studied the sentence, we have perceiving our supporters about the sentence. We will look at the government how we will take the court,” he said.
![Pinterest](https://pinterest.com/pin/create/button/?url=https://glcnd.com/business/the-government-to-complete-the-sale-of-shares-in-the-idbi-bank-by-the-end-of-2025-says-dfs-nagaraju/&media=https://i1.wp.com/media.assettype.com/bloombergquint%2F2024-12-04%2F2wqhjlve%2FFinance-Ministry-meeting.jpg?rect=0%2C59%2C602%2C316&w=1200&auto=format%2Ccompress&ogImage=true&w=1200&resize=1200,0&ssl=1&description=The government is working on its stake sale in IDBI Bank and expects it to complete by the end of 2025, said M Nagaraju, Secretary of Department of Financial Services. "It's on track and the process is on. We will finalise as per the time schedule which will be in this calendar year," Nagaraju told reporters on the sidelines of an event hosted by National Housing Bank.){kind=link}