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IDBI Bank gets govt’s nod for acquisition by LIC

09 Aug 2018 Evaluate

IDBI Bank has received Government of India’s (GoI) approval to reduce the government stake to below 50 per cent and get acquired by Life Insurance Corporation of India (LIC).

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

Peers
Company Name CMP
HDFC Bank 714.20
ICICI Bank 1360.20
Axis Bank 1269.00
Kotak Mahindra Bank 439.00
Indusind Bank 876.00
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