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Bureaucracy

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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Whispers in the Corridors

Reporting from the corridors of power.

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