India, April 8 -- The Government may ask for revised financial bids from two potential buyers of IDBI Bank as their original bid amounts were lower than the reserve price fixed for the strategic sale of the lender, sources said.

"The IDBI Bank strategic sale is in the technical evaluation stage," a senior official told PTI.

Amidst the West Asia crisis, the Government is banking on disinvestment and asset monetisation to garner resources and create fiscal space for measures to shield the economy from the global uncertainty, officials said.

After over three years of pursuance, the strategic sale of IDBI Bank had reached the final stage of financial bid, and the Government does not want to restart the process again to avoid further delay....