New Delhi, Oct 27 : New Delhi, Oct 27: The finance ministry has asked merchant banker SBI Caps to re-evaluate the Small Industries and Development Bank of India (Sidbi), taking into consideration its financial performance in the last few years, before arriving at a new share price. Sources in the banking division of the finance ministry said, "After the differences that emerged in the meeting in August regarding the share price of Sidbi, the government has asked SBI Caps to take a fresh look." The merchant banker is expected to submit a new report shortly. While Sidbi's authorised share capital was doubled to Rs 1000 crore in March 2000, net profit was marginally up to Rs 459.4 crore, compared with the previous year's Rs 450.4 crore. Standard assets as a percentage of total assets fell from 96.5 per cent in 1999-2000 to 96.2 per cent in 1998-99. Income also grew marginally from Rs 1528.5 crore in 1998-99 to Rs 1597.9 crore in 1999-2000. Officials added that the gap between sanctions and disbursements has widened. While in 1998-99 sanctions stood at Rs 8,879.8 crore and disbursements were at Rs 6285.2 crore, in 1999-2000, sanctions grew to Rs 10,264.7 crore, while disbursements were just Rs 6963.5 crore. Bankers are of the opinion that the value of the share should be much lower than the Industrial Development Bank of India's (IDBI) demand of about Rs 50 per share. In fact, the public sector banks have valued Sidbi's share at almost half of what IDBI has stated. IDBI intends to divest 51 per cent of its stake in Sidbi to around 25 institutions, including public sector banks and insurance companies by the end of the year. The government had earlier passed a Bill permitting the move. The banking division is keen that divestment of IDBI's stake in Sidbi should be completed as soon as possible. Sources in the finance ministry said the government had tried to act as a mediator to help in speedy restructuring. "We tried to help them by holding a meeting here in the banking division. But both IDBI and the other banks could not arrive at a mutually acceptable price," they added.