State-owned IDBI Bank has cut its stake in rating agency CARE to 3.40 per cent from 6.12 per cent. The Bank has sold 8,00,773 shares in open market. The Bank would have raised close to Rs 100 crore from lowering its stake in the rating agency.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.