Kotak Mahindra Bank Denies Submitting Bid for IDBI Bank Stake
Kotak Mahindra Bank stated on Saturday that it has not bid for IDBI Bank. This follows reports from yesterday suggesting the lender was a potential buyer.
Insights:
Kotak Mahindra Bank stated on February 7, 2026, that it did not submit a financial bid in the disinvestment process for state-owned IDBI Bank Limited . This clarification serves to update and correct prior reporting, including accounts from Reuters, which had previously identified Kotak Mahindra Bank as a participant in the bidding process. The announcement directly alters the known composition of bidders involved in the ongoing privatization effort within IN 
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