IDBI Bank yet to receive LIC stake proposal from Central Govt.

IDBI Bank says it is yet to receive the Central Government’s proposal on LIC’s proposal for acquisition of 51% controlling stake in IDBI Bank  as Promoters. In the Bank’s earlier letter dated July 17, 2018, it was informed that  LIC’s proposal for acquisition of 51% controlling stake in IDBI Bank as Promoters was refereed to GoI for its decision.