India's Kotak Mahindra Bank says it has not submitted bid for IDBI Bank

Kotak Mahindra Bank

07/02/2026 06:40

Feb 7 (Reuters) - India's Kotak Mahindra Bank KTKM.NS said in an exchange filing on Saturday that it has not submitted a financial bid as part of the disinvestment process relating to IDBI Bank IDBI.NS.

Reuters on Friday reported that the private lender was one of the bidders for the state-owned bank.

 (Reporting by Sai Ishwarbharath B; Editing by Sam Holmes)