IDBI Bank to sell properties

Mumbai : IDBI Bank has invited bids to sell its four residential and two commercial properties in Mumbai and Thane, the lender said in a notification. The last date of submission of bids is on Nov 8. To strengthen its weak capital base, IDBI Bank had in May put in place a turnaround plan, which included monetisation of its non-core assets. The state-owned lender had sold its stake in SIDBI, CCI earlier.