Opposition slams LIC's plan to buy 51% stake in IDBI Bank
A day after the insurance regulator approved LIC's proposal to buy up to 51% stake in IDBI Bank, the Congress and the Left parties on Saturday slammed the move. The Congress asked why the savings of 38 crore LIC policyholders were being "jeopardised" by burdening them with a â¹13,000-crore "bailout package". The insurer currently holds 10.82% of IDBI Bank.