IDBI Bank-LIC deal: The ball is in the Govt's court
474 views · Published 17 July 2018 · 1:40 · Indexed 8 November 2026
Channel: CNBC-TV18 · 2018 · News & Politics
The IDBI Bank's board has sought the Government's approval for LIC's proposal to pick up stake in the bank. It has also asked the Govt to decide on the mode of fund infusion for this transaction. Remember, LIC is looking to hike its stake to 51% in IDBI Bank. CNBC-TV18's Ritu Singh brings us up to speed with what happened at IDBI Banks' Board meet today
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