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Government pushes IDBI Bank disinvestment process

Published on October 08, 2022
Current Context: Reserve Bank of India plans to privatize IDBI Bank and disinvest in it.
Government pushes IDBI Bank disinvestment process
  • Reserve Bank of India is considering tweaking the promoter criteria which will bring a wider pool of bidders for public sector banks.
  • The budget for 2021-22 proposed to privatize two public sector banks along with a general insurance company.
  • A new strategic disinvestment policy has categorized banking as a strategic sector where the government is aiming to maintain a bare minimum presence.
  • Current bank privatization has faced some encumbrances as the norms of RBI are cogent that any existing bank cannot promote a new bank.
  • The Banking Laws (Amendment) Bill, 2021 is yet to be introduced in the house.
  • One of the considerations is to allow the existing private banks to take a larger share in the public sector banks earmarked for privatization.


Q.1 In the Bank disinvestment process of IDBI, how many public sector banks are there?
a. 10
b. 11
c. 12
d. 13
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