Kotak Bank says it is not in race to acquire IDBI bank
Kotak Mahindra Bank has denied media reports claiming it submitted a financial bid for IDBI Bank. The lender stated it did not participate in the bidding process or submit any offer. This clarification comes as the government and LIC plan to sell a 60.7% stake in IDBI Bank, with financial bids now due.
Kotak Mahindra Bank has denied media reports claiming it submitted a financial bid for IDBI Bank. The lender stated it did not participate in the bidding process or submit any offer. This clarification comes as the government and LIC plan to sell a 60.7% stake in IDBI Bank, with financial bids now due.
