IDBI Bank to continue as 'Indian private sector bank' post sale: Govt

IDBI Bank will continue to operate as an 'Indian private sector bank' after its strategic sale, the Finance Ministry said. Ministry mentioned that government's residual 15% stake in the lender post privatisation will be considered 'public shareholding'. An "appropriate dispensation" for the new owner to achieve minimum public shareholding over an extended period is under consideration, it added.