LIC’s Stake Buy In IDBI Bank May Not Need Parliament Nod
A pedestrian walks past an IDBI Bank Ltd. automated teller machine (ATM) branch in Jaipur (Photograph: Sanjit Das/Bloomberg)

LIC’s Stake Buy In IDBI Bank May Not Need Parliament Nod

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The proposed 51 percent stake purchase by insurance major Life Insurance Corporation in IDBI Bank may not require Parliament’s approval as it does not require any changes in the LIC Act, people fam...
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