Tuesday, December 6, 2022

Govt to allow foreign funds to own over 51% in IDBI Bank

The Indian government and the RBI would also consider relaxing the five-year lock-in period for shares if a non-banking financial company is merged into IDBI Bank, it said.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/india-to-allow-foreign-funds-to-own-over-51-in-idbi-bank/articleshow/96029007.cms

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