New Delhi, July 14 -- A top government panel held meetings on Monday to review revised financial bids from Emirates NBD and Fairfax Financial Holdings Ltd and decide the next steps in the long-pending strategic sale of IDBI Bank Ltd, a senior government official aware of the matter said.

The meetings of the Core Group of Secretaries on Disinvestment were attended by Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla, Department of Financial Services (DFS) Secretary Sanjay Lohiya and other senior government officials. However, no final decision has been taken on the proposed stake sale, the official cited earlier said on condition of anonymity.

"Two meetings of the Core Group of Secretaries on Disinvest...