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RBI not in favour of changing IDBI Bank's name

Updated : March 17, 2019 03:24 PM IST

The board of IDBI Bank last month proposed a change in the name of the lender to either LIC IDBI Bank or LIC Bank, following its takeover by Life Insurance Corporation.
The board had proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.
RBI not in favour of changing IDBI Bank's name
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