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."
(Published 03 September 2019, 09:29 IST)
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