New Delhi, Feb 10 (TIWN) The government may clarify the application of the Central Vigilance Commission (CVC) oversight over the IDBI bank before it initiates the process to exit the bank by selling its entire stake to private players.

The move is expected to prevent a tepid response to the share sale plan, as cumbersome vigilance oversight is seen as a big negative by investors who feel that the RBI, as a single regulator for the sector, is enough to ensure smooth and transparent functioning of the banks.