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S&P removes ratings of IDBI Bank from CreditWatch

Updated : January 07, 2019 03:18 PM IST

The bank has announced that it received Rs 14,500 crore in fresh capital from LIC on December 28, 2018.
This capital infusion is part payment for LIC's proposed acquisition of a 51 percent controlling stake in the bank.
S&P removes ratings of IDBI Bank from CreditWatch

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