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Synopsis The response and challenges will be assessed and, based on that, a strategy will be formulated for future privatisation in the financial sector, a senior government official told ET. “The privatisation of state-run banks and financial institutions is a long-term agenda. It is not a fire sale,” said the official. Agencies The department had last month invited bids to appoint legal and transaction advisers for IDBI’s strategic disinvestment. The government will likely wait till the completion of its stake sale in IDBI Bank and watch investor response before going ahead with the privatisation of other state-run lenders. The response and challenges will be assessed and, based on that, a strategy will be formulated for future privatisation in the financial sector, a senior government official told ET. “The privatisation of state-run banks and financial institutions is a long-term agenda. It is not a fire sale,” said the official. “Let IDBI be a successful transac

Indian overseas bankDepartment of investmentCabinet committee of economic affairsCentral bankLife insurance corporationCabinet committeeEconomic affairsPublic asset managementReserve bankPrompt corrective actionஇந்தியன் ஓவர்‌ஸீஸ் வங்கிதுறை ஆஃப் முதலீடுமந்திரி சபை குழு ஆஃப் பொருளாதார வாழ்க்கைத்தொழில்கள்மைய வங்கிவாழ்க்கை காப்பீடு நிறுவனம்மந்திரி சபை குழு