Tuesday, September 18, 2018
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LIC board likely to approve IDBI Bank investment today

The board of Life Insurance Corporation of India (LIC) will meet on Monday to discuss and approve a plan to own 51 percent stake in state-owned IDBI Bank. The insurance regulator has already given its go-ahead for the proposal. Sources said that LIC's board of directors is also likely to approve the deal. The 12-member board…

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