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Exclusive: Soumya Kanti Ghosh, SBI Group CEA & EAC-PM Member, Speaks On IDBI Bank Stake Sale

India Today30 Oct 2026

In an exclusive interview, Soumya Kanti Ghosh, Group Chief Economic Advisor of SBI and part-time member of the EAC-PM, addressed the ongoing political debate over the IDBI Bank stake sale. He clarified that IDBI Bank is already classified as a private lender by the RBI since FY19, noting that the government and LIC will retain a 34% stake post-offload. Ghosh explained that after suffering accumulated losses of 45,000 crore rupees between FY16 and FY20, a 50,000 crore rupee capital infusion…