Virtual data room to open to IDBI Bank bidders this month

The shortlisted bidders of IDBI Bank will likely get access to the banks’ virtual data room for a better understanding of the business of the bank and to clarify their doubts, moving the transaction process to the next stage.

In July, the Reserve Bank of India had given ‘fit & proper’ nod to the shortlisted bidders. The government is aiming to execute the transaction in the current financial year.