NEW DELHI: The Indian government has received multiple bids for a majority stake in IDBI Bank, an official said in a tweet on Saturday, after the deadline for expressions of interest closed earlier in the day.

The government, which owns 45.48 percent of IDBI Bank, is looking to divest a 30.48 percent stake in the lender, alongside state-owned Life Insurance Corp of India (LIC), which will sell a 30.24 percent stake from its holding of 49.24 percent in the bank.