News From Press LIC gets board nod to raise its stake in IDBI Bank to 51%

LIC gets board nod to raise its stake in IDBI Bank to 51%

Source: Livemint Jul 17, 2018

The board of Life Insurance Corporation of India (LIC) has approved a proposal for the state-owned company to hold a 51% stake in IDBI Bank, department of economic affairs secretary Subhash Chandra Garg said on Monday.

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