No PSU norms for IDBI Bank after stake sale, clarifies govt

In October, the government had invited expressions of interest (EoI) for a stake sale, along with the transfer of management control in IDBI Bank. The government, along with the Life Insurance Corporation (LIC), will sell 60.72% stake in the lender.

from Banking/Finance-Industry-Economic Times https://ift.tt/QdDS6CL