IDBI Bank, which is supported by the Life Insurance Corporation of India (LIC), recently reported quarterly earnings that fell short of market expectations. This earnings miss has prompted Kotak Mahindra Bank's CEO to raise concerns about the bank's current valuation. These concerns contribute to the growing uncertainty surrounding the timing and pricing of IDBI Bank's privatization process. The delay in privatization and valuation issues highlight challenges faced by stakeholders in finalizing the divestment strategy for the government-backed lender. IDBI Bank, backed by Life Insurance Corp. The update was published on 3 May 2026, 10:16 am. IDBI Bank, Life Insurance Corporation of India, Kotak Mahindra Bank remain central to this update.