denies submitting IDBI Bank bid Kotak Mahindra Bank clarified it didn't submit a financial bid for IDBI Bank's disinvestment. The process attracted bids from Canadian group Fairfax Financial, Emirates NBD, but details remain unofficial. The govt and LIC plan to sell a 60.7% stake in IDBI Bank by March 31, 2026. IDBI Bank required a LIC rescue in 2019 due to bad loans and its shares rose 26% over past year amid sale expectations. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.