There Was Once An IDBI
A pedestrian walks past an IDBI Bank branch in Jaipur, Rajasthan. (Photograph: Sanjit Das/Bloomberg)

There Was Once An IDBI

In 2018, the Life Insurance Corporation of India decided to buy a 51 percent stake in IDBI Bank. On Feb. 4, 2019, the bank’s board informed the stock exchanges that its management had proposed a ch...
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