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National News

The Times of India

National / The Times of India

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With Kotak Bank not in IDBI fray, eyes on foreign suitors

Kotak Bank has denied media reports of submitting a financial bid for IDBI Bank, ruling itself out of the acquisition race. This development shifts focus to foreign bidders like Fairfax India and Emirates NBD, as the government aims to complete the sale by FY26. Valuation concerns are cited as a potential reason for Kotak's withdrawal.

9 Feb 2026 1:14 am