India, April 29 -- Billed as a test case for bank divestment, it is stuck for four years

Over the past few days, after the miseries in March 2026, there are several positive news that have emanated from official agencies. Two days ago, a core group of secretaries, which is headed by the cabinet secretary, discussed the future roadmap of how to privatise IDBI Bank after past failures. Before the meeting, Finance Minister Nirmala Sitharaman indicated that the so-called strategic sale, which includes a change in ownership and management, was on course. "There is no halting. It will happen," she said. Now, the new timelines indicate that the process will be complete by September 2026.

One of the prominent issues relates to valuation, or rat...