IDBI Bank approves divestment of its non-core business
IDBI Bank in a BSE filing said, "The board of directors has approved in-principle, the proposal to divest some of its non-core investment subject to compliance with all applicable laws and regulations and subject to final approval to be obtained for each transaction by delegated authority."
Since last year the IDBI Bank has been planning to divest some of its non-core business in order to raise capital. Photo: Youtube