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IDBI Bank Ltd. re-categorized as a Private Sector Bank by RBI

Mar 14, 2019: IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank. (Source: RBI)

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