Home Business LIC gets nod to increase stake in IDBI Bank up to 51%

LIC gets nod to increase stake in IDBI Bank up to 51%

By
Lucky Jain
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479
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(G.N.S) Dt. 30 Mumbai India’s insurance regulator on Friday gave an unprecedented go-ahead to the Life Insurance Corporation of India’s proposal to take over IDBI Bank and rescue it from a crippling crisis caused by massive rise in bad loans. LIC will not get management rights on the board of

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