FinMin to rescue IDBI bank; suggests departments to continue business with LIC acquired bank

LIC is wholly-owned by the government and together with the government's holding of 46.46 percent, the direct and indirect government holding in the IDBI bank is 97.46 percent, making it a quasi-sovereign entity.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/36NCE7z