IDBI Bank Limited Response to Exchange Query on Market Rumour
Date of Communication: September 9, 2026
Nature of Exchange Query
IDBI Bank Limited is responding to a letter from the National Stock Exchange of India Ltd. (NSE) dated September 8, 2026 (Ref: NSE/CM/Surveillance/17521). The query sought clarification on a news report appearing on https://economictimes.indiatimes.com/ on September 8, 2026, with the headline "Fairfax plans IIFL Finance exit to fund IDBI Bank bid". The exchange sought to verify this market rumour.
Company’s Clarification on the Rumour and Trading
IDBI Bank clarified that the proposed Strategic Disinvestment of the bank is a confidential process being undertaken by the Government of India (GOI). Consequently, the bank stated it is "not in a position to either confirm or deny the referenced news report."
The bank provided a point-by-point response to the specific questions raised by the exchange:
| Sr. No | Exchange Question | Company Response |
| 1 | Whether such negotiations/events were taking place? Provide sequence of events. | "The proposed Strategic Disinvestment of the Bank is being undertaken through a competitive bidding process in line with the Disinvestment guidelines of the GOI. IDBI Bank has had no role to play in the captioned IIFL Finance matter." |
| 2 | Whether aware of any undisclosed information that could explain trading movement? Reasons for non-disclosure under Regulation 30 of SEBI LODR. | "The Bank is not aware of any information leading to the referenced news report. The Bank shall promptly disclose to the Stock Exchanges any material information, if and when received." |
| 3 | The material impact of this article on the Company. | "The strategic disinvestment process is being handled by GOI, and the Bank is not involved in the conduct of the transaction." |
Reference to Regulatory Compliance
IDBI Bank explicitly confirmed its compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The letter concludes: "we confirm that the Bank has, from time to time, promptly intimated the Stock Exchanges of all events and information having a bearing on the operations and performance of the Bank, including all price-sensitive information, in compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."
Details of Financial Results Clarification
This document does not contain any discussion or clarification related to financial results.