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According to a senior government official, the Union Ministry of Finance plans to complete the privatization of IDBI Bank by March 2025. The Reserve Bank of India (RBI) has begun the divestment process for the government’s stake in IDBI Bank. The Government of India currently holds a 45.48% stake in IDBI Bank, while LIC owns 49.24%. Both entities are now working to reduce their stakes in the bank, and the RBI has initiated the necessary steps to facilitate this process. Let’s have a look at the shareholding pattern of IDBI Bank.
- Also Read: IDBI Bank Privatisation process may be completed by March 2025
- Also Read: Government shareholding in Banks [Updated]
IDBI Bank Shareholding Pattern (as on 30.09.2024)
| Entity | Stake% |
|---|---|
| Government of India | 45.48 |
| LIC | 49.24 |
| Mutual Funds | 0.02 |
| Banks | 0.01 |
| Insurance Companies | 0.14 |
| Foreign Portfolio Investors Category I | 0.42 |
| Foreign Portfolio Investors Category II | 0.04 |
| PSU Companies | 0.01 |
| IEPF | 0.08 |
| Resident individuals holding nominal capital share up to Rs. 2 lakh | 2.11 |
| Resident individuals holding nominal capital share in excess of Rs. 2 lakh | 1.81 |
| NRI | 0.12 |
| Corporate Bodies | 0.34 |
| HUF | 0.17 |
| Trusts | 0.01 |
| Total | 100% |
- Also Read: Government shareholding in Banks [Updated]
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