LIC looks to offload IDBI stake ahead of RBI timeline

Loss making IDBI Bank has been picked as the first public sector lender in which the government will divest its stake, finance minister Nirmala Sitharaman announced in her budget speech last week. LIC owns 51% in the lender after acquiring shares from the government in January last year.

from Banking/Finance-Industry-Economic Times https://ift.tt/31y1UgN