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LIC should be financial investor, not promoter of IDBI Bank

Updated : July 18, 2018 03:56 PM IST

In 2013, when LIC Housing Finance had applied for a banking licence, the RBI-appointed Bimal Jalan committee rejected the plea.
RBI’s own rules require that an entity with a banking licence cannot hold more than five percent interest in any other bank.
LIC should be financial investor, not promoter of IDBI Bank
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