Last Updated IST
Union Minister of Environment, Forest and Climate Change Prakash Javadekar. (PTI Photo)
The government and LIC on Tuesday announced that they would infuse Rs 9,000 cr in IDBI Bank.
Union Minister Prakash Javadekar said, "Cabinet has cleared recapitalization of IDBI Bank with a one-time infusion of funds by both government & LIC (Life Insurance Corporation). It will help both IDBI and LIC, and shows the government's commitment to take banking to a sound level."
Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks