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Govt defends IDBI Bank sale process, says earlier norms were only indicative

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Summary

“Given the complex nature of strategic transactions, the indicative guidelines give flexibility to ensure cost and time spent in lengthy processes is not wasted,” the ministry said.

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  1. Livemint Not rated IN
    Govt defends IDBI Bank sale process, says earlier norms were only indicative

    “Given the complex nature of strategic transactions, the indicative guidelines give flexibility to ensure cost and time spent in lengthy processes is not wasted,” the ministry said.