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Govt seeks approval from Cabinet Committee on Economic Affairs on lowering stake in IDBI Bank


New Delhi: The government will seek an in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) on lowering its 47.11% stake in IDBI Bank, after which the structure of the sale will be determined, said a senior official. Life Insurance Corporation (LIC) of India, which holds 51% share in IDBI Bank, is keen to sell its stake in the lender, said the official, who did not wish to be identified. “The inter-ministerial feedback has





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