LIC Board Approves Proposal To Buy 51% Stake In IDBI Bank
People stand outside a branch of IDBI Bank Ltd. in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

LIC Board Approves Proposal To Buy 51% Stake In IDBI Bank

The board of Life Insurance Corporation of India today approved a proposal to buy up to 51 percent stake in IDBI Bank Ltd.The government-owned lender needs capital, and so the preferred option for ...
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