Legal Question in Banking Law in India

Dear sir

Iam an employee of idbi now the government wants ti reduce its stake to below 50% anx make it as privatised.

Is this is really simple for govt to convert status of bank to pvt lender

Regards

Ramesh


Asked on 3/01/16, 8:32 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

01.03.2016

Dear Ramesh,

The following study reveals the status of Industrial Development Bank of India (IDBI) at a glance :

http://www.iosrjournals.org/iosr-jef/papers/Vol5-Issue6/Version-2/A05620105.pdf

The status of ownership holding of IDBI as on 31.12.2015 is in the following link :

http://www.idbi.com/pdf/investor/shareholding-pattern-31-12-15.pdf

I do not have any information update on any further Government reduction in holding thereafter.

Regards,

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Answered on 3/01/16, 9:49 am


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