Insurance behemoth LIC is exploring avenues to enter the banking space by acquiring majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet, sources said.
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LIC may enter banking space with majority stake in IDBI
By IndianMandarins - 2018-06-27 15:38:38
Insurance behemoth LIC is exploring avenues to enter the banking space by acquiring majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet, sources said.
