LIC keen to retain some stake in IDBI Bank for bancassurance gains: Chairman
Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank, but may not exit completely, LIC Chairman MR Kumar told PTI in an interview. LIC is currently doing roadshows for its maiden public issue, which opens for subscription on May 4.
A few old private sector banks may look like convenient acquisition targets. But that may not be easyMost OPBs are investing in technology to attract young customers. According to analysts, they invest Rs 100-250 crore every year on modernisation. Still, at a functional level, they have not been able to reach the levels of an HDFC Bank or ICICI Bank. But tech systems of some of them are better.
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