Sunday, July 1, 2018

Regulator Permits LIC To Pick Up To 51% Stake In IDBI Bank: Report

LIC currently holds an 11 per cent stake in the bank. Sources added that if deal goes through, IDBI Bank will get capital support of Rs 10,000 crore-Rs 13,000 crore.

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India Becomes 4th Largest Forex Holder As Reserves Rise To $785.7 Billion

The sharp rise in the latest week was driven primarily by an increase in foreign currency assets, the largest component of reserves.