RBI categorises IDBI Bank as Private Sector Bank; SBI, ICICI and HDFC remain Systemically Important Banks

In January 2019, the Life Insurance Corporation of India (LIC) completed the process of picking up a controlling stake of 51 percent in the IDBI Bank. The deal concluded after the approval of the Union Cabinet on August 1, 2018.



from Jagran Josh https://ift.tt/2O55sQN
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