Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank, but may not exit completely, LIC Chairman MR Kumar told PTI in an interview. LIC is currently doing roadshows for its maiden public issue, which opens for subscription on May 4.source https://economictimes.indiatimes.com/industry/banking/finance/insure/lic-keen-to-retain-some-stake-in-idbi-bank-for-bancassurance-gains-chairman/articleshow/91230365.cms
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