IDBI Bank , a prominent player in the Indian banking sector, has made significant progress in its stake sale process, marking a crucial step towards potential ownership changes. The bank has successfully completed the due diligence process, paving the way for the next phase of its strategic divestment.

Key Developments

• Due Diligence Completed: IDBI Bank has finalized the due diligence process for its stake sale, a critical milestone in the divestment journey.
• Timeline for Financial Bids: The bank plans to invite financial bids from interested parties between October and December.
• Government Discussions Concluded: The government has wrapped up discussions with potential buyers, indicating a move towards the final stages of the sale process.
• Bidder Announcement: An announcement regarding the successful bidder is anticipated by the end of March.

ESG Rating Update

In a separate development, IDBI Bank has received an Environmental, Social, and Governance (ESG) rating, highlighting its commitment to sustainable practices:

• Rating Assigned: CFC Finlease Private Ltd., a SEBI-registered ESG Rating Provider, has assigned an ESG rating of '87' to IDBI Bank.
• Rating Period: The ESG rating is for the financial year ended March 31, 2025.
• Independent Assessment: The rating was based on independent research and publicly available information, without direct input from the bank.

This ESG rating reflects IDBI Bank's performance in environmental, social, and governance aspects, which are increasingly important factors for investors and stakeholders.

The stake sale process and the recent ESG rating underscore IDBI Bank's evolving position in the financial sector. As the bank moves forward with its divestment plans, market observers and potential investors will be keenly watching for further developments in the coming months.

IDBI Bank (ISIN: INE008A01015) announced the passing of Shri T. N. Manoharan, Independent Director and Part-time Chairman, on July 30, 2025. The bank's Board of Directors and employees have expressed their profound grief and extended heartfelt condolences to his family.

A Brief Tenure of Visionary Leadership

Shri T. N. Manoharan had been associated with IDBI Bank since February 24, 2022. During his tenure, the bank benefited significantly from his vision and varied experience. The bank acknowledged the valuable contributions made by Manoharan during his time as Part-time Chairman.

Official Intimation

In compliance with Regulations 30 & 51 of SEBI (LODR) Regulations, 2015, IDBI Bank has officially informed the stock exchanges about this unfortunate event. The intimation was signed by the Company Secretary, Jyothi Biju Nair.

Recent ESG Ratings

While the bank mourns the loss of its Chairman, it's worth noting that IDBI Bank has recently received Environmental, Social, and Governance (ESG) ratings from two different agencies:

1. Crisil ESG Ratings & Analytics Ltd., a SEBI-registered 'Category I' ESG Rating Provider, assigned a rating of 'Crisil ESG 63 (Strong)' and a Core ESG rating of 'Crisil Core ESG 64' to the bank for the financial year ended March 31, 2025.

2. SES ESG Research Pvt Ltd., a subsidiary of SES and a SEBI-registered 'Category II' ESG Rating Provider, assigned a rating of 73.10 to the bank for the same financial year.

These ratings were based on independent research and publicly available information, without any engagement or input from the bank.

As IDBI Bank navigates this period of transition, the focus will likely be on ensuring continuity in leadership and maintaining the strategic direction set during Shri T. N. Manoharan's tenure.