Emirates NBD in race to acquire IDBI Bank stake

Business Nov 13, 2025

Emirates NBD, one of the Middle East's biggest banks, isn't slowing down on its India plans.
Even after agreeing to buy 60% of RBL Bank for $3 billion, it's still in the running to grab a major stake in IDBI Bank.
Clearly, they're serious about making moves in India's banking scene.

What's happening with IDBI Bank sale

The Indian government and LIC are planning to sell most of their shares—over 60% combined—in IDBI Bank by March 2026.
After that, they'll hold smaller stakes (around 15% for the government and 19% for LIC).
Because IDBI is a big player with lots of government business, it's attracting attention from major investors.

Other potential bidders for IDBI Bank stake

It's not just Emirates NBD eyeing this deal. Fairfax Financial, Kotak Mahindra Bank, and Oaktree are also potential bidders.