Cabinet approves recapitilisation of IDBI

Briefing reporters, Information and Broadcasting Minister Prakash Javadekar said that LIC, which has 51 per cent share, will infuse Rs 4,743 crore while the government will infuse Rs 4,557 crore.

"The step will help both IDBI and LIC. It shows the government's commitment to take the banking sector to a sound level," he said.

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