Zeebiz Exclusive | Impact of LIC DRHP on IDBI Bank; IDBI Bank may have to shut their home loan business
LIC DRHP: As India's largest life insurer Life Insurance Corporation of India (LIC) is set to launch its much-awaited Initial Public Offering (IPO) and has filed the Draft Red Herring Prospectus (DRHP) with the market regulator, this is what it has said in its draft papers about IDBI Bank. Zee Business’ Anurag Shah explains LIC DRHP statement in a conversation with Zee Business’ Managing Editor Anil Singhvi.
LIC has said that it does not completely want to do away its share in the IDBI Bank.