IDBI Bank, The central government has abolished the auction process of appointing a valuer for sale of shares. IDBI Bank IDBI Bank disinvestment latest News The central government and LIC own 95 percent of the shares of IDBI Bank, which is headquartered in Mumbai. In this case, LIC holds 30.48 percent shares of the government. It has also been decided to sell 30.24 percent shares. IDBI Bank is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It offers a wide range of products and services, such as savings and current accounts, loans, mobile banking, bill payment, etc. The central government has decided to sell its 45.48% stake in IDBI Bank to a stra...