News From Press LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance

LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance

Source: PTI/ET Nov 28, 2023

State-owned LIC, promoter of IDBI Bank, has said it plans to retain a part of its stake in the lender to harness the benefits of the bancassurance. Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank but may not exit completely, LIC Chairman Siddhartha Mohanty told PTI in an interview.

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