IDBI Bank is going to sell around Rs 5,000 crore worth of stake in its non-core investments in financial year 2018, said MD and CEO, Kishor Kharat. The bank has been working on monetising its non-core assets on an ongoing basis for the last one and a half years, says Kharat. He did not disclose the names of the assets the bank wishes to sell stakes in. However, he expects the sale to be completed by September 2018. IDBI Bank had on Tuesday informed the stock exchanges that it has received an in-principle nod to sell stake in some of its non-core assets.
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IDBI Bank is going to sell around Rs 5,000 crore worth of stake in its non-core investments in financial year 2018, said MD and CEO, Kishor Kharat. The bank has been working on monetising its non-core assets on an ongoing basis for the last one and a half years, says Kharat. He did not disclose the names of the assets the bank wishes to sell stakes in. However, he expects the sale to be completed by September 2018. IDBI Bank had on Tuesday informed the stock exchanges that it has received an in-principle nod to sell stake in some of its non-core assets.
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