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LIC completes acquisition of 51% stake in IDBI Bank; finally gets bank in its fold

Updated : January 22, 2019 06:10 AM IST

With the acquisition of controlling stake by LIC, IDBI Bank will now become private sector lender.
The number of public sector lenders has come down to 20 with the government transferring its majority stake in favour of LIC.
LIC completes acquisition of 51% stake in IDBI Bank; finally gets bank in its fold

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