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IDBI Bank gets nod to sell upto 27% stake in IFLI

09 Apr 2020 Evaluate

IDBI Bank has received approval for selling its stake in IDBI Federal Life Insurance Company (IFLI) to the extent of 23-27%. The board meeting of the bank held on April 08, 2020 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 710.95
ICICI Bank 1355.10
Axis Bank 1263.00
Kotak Mahindra Bank 438.90
Indusind Bank 874.80
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