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RBI categorises IDBI Bank as private sector lender

Updated : March 14, 2019 07:55 PM IST

In January, LIC completed the process of picking up a controlling 51 per cent stake in the nearly crippled IDBI Bank.
IDBI Bank has been under the prompt corrective action framework of RBI that bans it from corporate lending and branch expansions, salary hikes and other regular activities.
RBI categorises IDBI Bank as private sector lender

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