IDBI Bank classified as Private Sector Bank
With effect from 21 January 2019
The Reserve Bank of India vide press release dated 14 March 2019 categorized IDBI Bank as a Private Sector Bank for regulatory purposes with effect from 21 January 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid up equity share capital of the Bank.Powered by Capital Market - Live News
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