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Banking

LIC, Banking, IDBI Bank InFocus

IDBI Bank to Emerge as An Exclusive Financial Conglomerate With Insurance & Banking Expertise

The country’s largest and the only state-owned life insurer LIC now holds a majority stake in IDBI Bank. Also, the change in ownership of IDBI Bank from a government-owned to LIC-owned has led to the lender becoming a private sector entity.

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