Kathmandu. The Government of India is going to privatize the state-owned IDBI Bank. The Government of India has clarified its position on privatization of IDBI Bank. According to Indian media, the government of India will sell all the shares of the bank which owns 45.48 percent shares. LIC has 49.24 percent stake in the bank.

The government is also preparing to privatize IDBI Bank. Government employees are on strike against privatization. However, the government has made its position clear. The government has stated that the process of privatization of IDBI Bank will start from July.