Industrial Development Bank of India (IDBI) has approached the Centre with a proposal to offload its 30 per cent stake in Small Industries Development Bank of India (Sidbi) to public sector banks and insurance companies. It has also sought permission to exit all state finance corporations (SFCs) by selling its stake to Sidbi.
The institution, which holds 49 per cent stake in Sidbi after selling off its 51 per cent equity in 2001, has also sought a reduction in interest rates on Rs 2,000 crore bonds issued by the Centre in March last year to take over IBRD and RBI
