Trying to have a bank since 2000: LIC tells Delhi HC on move to acquire 51% stake in IDBI

The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with having banking operations since 2000.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wKts3k