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Aditi Sharma made post

Why is IDBI Bank planning to sell its capital markets subsidiary?

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Aashna Tripathi answered.
8 months ago

IDBI Bank is planning to monetize its holdings in IDBI Capital and IDBI Intech. Earlier, IDBI Bank had also expressed its intent to sell its stake in IDBI Mutual Fund. Most of the loss making banks have been asked by RBI to monetize their non-core holdings and reinvest the funds back into the core banking business. IDBI has been among the PSU banks with fairly large losses and it will be monetizing these asset values to improve the capitalization of the parent bank.