Government Looks To Sell Stake In IDBI Bank To LIC. But Who Will It Help?
People stand outside a branch of IDBI Bank Ltd. in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Government Looks To Sell Stake In IDBI Bank To LIC. But Who Will It Help?

The government is hoping to sell stake in IDBI Bank Ltd. to Life Insurance Corporation of India, at a time when the bank has seen a third of its loans go bad.The finance ministry has approached the...
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