No proposal to merge LIC Housing Finance with any other entity: LIC

The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank. "There was absolutely no proposal to merge LICHFL with any other entity and all such rumours floating in the market are not based on facts," LIC said in a clarification.

from Banking/Finance-Industry-Economic Times https://ift.tt/3bMa1e7