LIC-IDBI Bank deal: Moody’s puts debt-ridden bank’s long term ratings on review for upgrade

In view of LIC’s intent to take control of 51 percent stake in the debt-ridden government-run IDBI Bank, global rating agency Moody's on Wednesday put the lender’s long-term ratings on review for upgrade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Oe3bT3