Irdai permits LIC to pick up to 51% stake in debt-ridden IDBI Bank

Insurance behemoth LIC will acquire up to 51 per cent stake in state-owned IDBI Bank after regulator Irdai approved the plan that will help convert the debt-ridden lender into a private sector entity.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KvCTtm