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Currently, the RBI guidelines require promoters to reduce their shareholding to 26 per cent in 15 years
IDBI Federal said the growth in individual new business segment among private players was higher than overall growth consecutively for past three years
IDBI Bank was earlier looking to raise capital through the sale of its non-core assets that included selling its 48 per cent stake in the IDBI Federal Life to help clean up its balance sheet
Q&A with CEO, IDBI Federal Life Insurance