The Economic Times

Finance Ministry clarifies on legislative developments concerning govt's IDBI Bank stake

The Finance Ministry clarified the legislative developments regarding IDBI Bank's government stake in 2003. An amendment to restrict the dilution of the government's ownership was proposed but ultimately rejected during parliamentary discussions. The ministry highlighted that this issue was previously examined by the Delhi High Court. This examination took place in the case of All India IDBI Officers' Association v. Union of India & Others.