LIC to up stake in IDBI Bank by 40%? Shares of PSU bank can gain up to 9% in coming days

LIC-IDBI Bank: India's largest state-owned insurance company LIC (Life Insurance Corporation) is likely to raise its stake by about 40% in the mid-sized PSU lender IDBI Bank following the mounting NPAs (non-performing assets).

from The Financial ExpressThe Financial Express https://ift.tt/2KD4QT2
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