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Kotak CEO Flags IDBI Valuation Concerns as Privatization Drags
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Kotak CEO Flags IDBI Valuation Concerns as Privatization Drags

Bloomberg Markets · May 2, 2026, 12:32 PM

Kotak Mahindra Bank Ltd.’s chief executive said the valuation sought for a stake in IDBI Bank Ltd. was too high, underscoring tepid bidder appetite for IDBI even as Kotak Mahindra Bank reported better-than-expected fourth-quarter earnings on Saturday.

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