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LIC gets regulator IRDAI's nod to pick up to 51% stake in debt-ridden IDBI Bank

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The board of Insurance Regulatory and Development Authority of India (IRDAI) on Friday gave approval to insurance behemoth LIC’s plan to buy 51 per cent stake in the debt-ridden IDBI Bank.  According to sources, the decision...

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LIC gets regulator IRDAI's nod to pick up to 51% stake in debt-ridden IDBI Bank LIC gets regulator IRDAI's nod to pick up to 51% stake in debt-ridden IDBI Bank Reviewed by Shahid Karimi on June 30, 2018 Rating: 5

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