The terms and conditions of the transaction have been made more attractive as the government has allowed foreign funds, and investment vehicles incorporated outside India can own more than 51% in IDBI Bank. The government will adopt a two-stage process for divestment. In the first stage, bidders that meet initial eligibility criteria must clear a 'fit and proper' assessment by the Reserve Bank of India and get security clearance from the home ministry. Then, qualified bidders will sign a confidentiality agreement with the government and proceed to the second stage, where financial bids will be sought.