New Delhi, Oct. 30 -- Union finance minister Nirmala Sitharaman on Friday said "all due process has been followed" in the case of IDBI Bank strategic restructuring, and that the lender is now poised for its next phase of growth.

Prime Minister Narendra Modi-led government "revived IDBI Bank through professionalism, prudence and recapitalisation of more than Rs.25,000 crore", she said in a post on microblogging site X.

Her comments came in response to senior Congress leader Rahul Gandhi's allegations that bids for IDBI Bank were first seen, and then the sale price was fixed. Gandhi's allegations followed a Business World report on Thursday claiming the government breached its own rules on disinvestment, which required officials not to op...