IDBI Bank Ltd (Industrial Development Bank of India) is a unique entity in Indian banking — originally a development finance institution founded in 1964, transformed into a full-service commercial bank in 2004. It is majority-owned by the Government of India (via LIC) and listed on BSE and NSE. The government has announced strategic disinvestment (privatisation) of IDBI Bank — one of the most-watched privatisation deals in India.
| Founded | 1964 (as IDBI, DFI) | Commercial bank from 2004 |
| LIC Stake | ~49.24% |
| Govt of India Stake | ~45% |
| Combined Govt+LIC | ~94% |
| Listed | BSE: 500116 | NSE: IDBI |
| Disinvestment | Strategic privatisation in process |
Who Owns IDBI Bank?
IDBI Bank is majority-owned by the Government of India (~45%) + LIC (~49.24%) combined, totalling ~94%. The Government classified LIC’s 49.24% stake as “government” ownership after LIC acquired it in 2019. The Union Government has announced plans for strategic disinvestment (privatisation) of IDBI Bank, seeking a private acquirer — making it one of the most high-profile privatisation deals in India. Official: idbibank.in.
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what’s ownership pattern?. What’s GOI equity percentage as on date?