LIC deal likely to close in 3 months: IDBI Bank CEO
IDBI Bank CEO B Sriram has said the lender is looking to complete the transfer of majority ownership from the government to LIC within the next three months. The state-owned insurer is expected to invest â¹10,000-13,000 crore to increase its stake in IDBI to 51%. The bank's gross bad loan ratio was 30.78% in June, the highest in the industry.