ING Is Said to Study Potential Bid for India’s IDBI Bank Stake

ING Groep NV is studying a potential bid for a majority stake in India’s state-owned IDBI Bank Ltd., according to people familiar with the matter.

The Dutch bank is having internal discussions on whether to participate in the bidding process, said the people, who asked not to be identified as the information is private. No final decision has been made and ING could decide against a bid, the people added.

The Economic Times earlier reported that ING was evaluating a bid for IDBI’s stake. A representative for ING declined to comment.

India is looking to sell a 60.72% stake in ...