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IDBI Bank yet to receive LIC stake proposal from Central Govt

IDBI Bank says it is yet to receive the Central Government’s proposal on LIC's proposal for acquisition of 51% controlling stake in IDBI Bank as Promoters. In the Bank's earlier letter dated July 17, 2018, it was informed that LIC's proposal for acquisition of 51% controlling stake

By Whispers in the Corridors 1 min read

IDBI Bank says it is yet to receive the Central Government’s proposal on LIC's proposal for acquisition of 51% controlling stake in IDBI Bank as Promoters. In the Bank's earlier letter dated July 17, 2018, it was informed that LIC's proposal for acquisition of 51% controlling stake in IDBI Bank as Promoters was referred to GoI for its decision.

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