New Delhi, Feb. 1 -- The strategic disinvestment of IDBI Bank has moved to the third phase, which means that now the technical and financial bids will be invited, said Arunish Chawla, Secretary, Department of Investment and Public Asset Management (DIPAM) on Sunday.

In a post-Budget conversation with ANI, Chawla said, "It may take some time. Before the end of this Financial Year, we will be able to give further information in this matter."

Highlighting the Union Finance Minister Nirmala Sitharaman's budget speech, he said, "The Finance Minister has talked about restructuring, saying how the Non-Banking Financial Companies (NBFCs) can be deployed in the strategic sector. How to enhance their productivity, capital base and to achieve econ...