IDBI Bank shares fell 15% on March 16, 2026, on rumors the government may cancel its disinvestment plan due to low bids, though no official confirmation was given.

IDBI Bank shares dropped over 15% on March 16, 2026, amid unconfirmed reports that the Indian government may cancel its strategic disinvestment plan due to bids falling short of the reserve price. The government and LIC jointly own 94.71% of the bank, and the sale of a 60.7% stake had been underway since 2022, with financial bids submitted in February. The bank stated it cannot confirm or deny the reports, citing the confidential nature of the process, and confirmed no official communication about scrapping the sale. Despite improved profitability and asset quality, the stalled disinvestment has triggered market uncertainty.