IDBI Bank is now being categorised as a private sector lender after majority stake acquisition by LIC. In January 2019, the insurance behemoth had completed acquisition of 51 per cent controlling stake in the then public sector IDBI Bank, making it the lender's majority shareholder.source https://economictimes.indiatimes.com/industry/banking/finance/banking/idbi-banks-board-approves-appointment-of-anshuman-sharma-as-government-nominee-director/articleshow/76321283.cms
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