The government presently holds 45.48% stake in IDBI Bank. (Photo source: Vijay Sartape/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Kotak Mahindra Bank is likely to be the frontrunner in acquiring government's stake in IDBI Bank, with Fairfax and Oaktree Capital also in the race, sources told NDTV Profit on Friday.

Kotak Mahindra Bank, however, offered no comments when reached out to by NDTV Profit .

Sources suggest that IDBI Bank's market cap of over Rs 1 lakh crore makes it difficult for investors to buy 60% stake in the bank. But Kotak Mahindra Bank with the benefit of equity currency, may look at part-cash, part-equity merger deal to buy IDBI Bank.

Notably, the government aims to finalise the sale of its stake in IDBI Bank in fiscal year 2026. W

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