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IDBI Bank to divest stake in IDBI Federal Life Insurance

21 Jan 2019 Evaluate

IDBI Bank has received approval for the proposal to reinitiate divestment process of IDBI’s stake in IDBI Federal Life Insurance Company. The Board of Directors of the company at their meeting held on January 21, 2019, approved the same.

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 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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