New Delhi: The government and Life Insurance Corporation of India on Friday finally moved to sell nearly 61% stake in IDBI Bank, along with management control, kicking off the process that has been delayed by several months.
Given the complexities, the department of investment and public asset management, which is driving the process, has proposed a two-stage step. In the first, interested parties will be screened on the specified parameters and if they meet the criteria, they will need to clear RBI’s “fit and proper” test as well as the home ministry’s security check.
This story is from the October 08, 2022 edition of The Times of India Mumbai.
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This story is from the October 08, 2022 edition of The Times of India Mumbai.
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