{
  "id": 17224518,
  "title": "IDBI Bank Privatisation: Centre Defends ₹52,878 Crore Stake Sale, Says Reserve Price Unchanged In Second Bidding Round",
  "url": "https://urgent.news/2026/10/30/idbi-bank-privatisation-centre-defends-52-878-crore-stake-sale-says",
  "topic": "world",
  "section": "World",
  "published": "2026-10-30T11:48:00.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/idbi-bank-privatisation-centre-defends-52878-crore-stake-sale-says-reserve-price-unchanged-in-second-bidding-round"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Centre has defended the valuation process for the ₹52,878 crore sale of a 60.72% stake in IDBI Bank, maintaining that the reserve price remained unchanged during the second round of bidding. In a clarification, the Finance Ministry said the revised bidding procedure helped secure a ₹3,917 crore increase in the discovered bid price. The statement comes amid scrutiny of the bank's privatisation…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}