Finance Mininstry asks government departments/agencies to continue to bank with IDBI

In a letter to these departments, the finance ministry has assured them of the bank's ability to serve them as before because the present promoter LIC is fully owned by the government, and the national insurer along with the government holds as much as 97.46 percent in the bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/2sFmPAW