LIC-IDBI Bank

India is considering selling at least 51% of the $5 billion bank, people familiar with the matter have said

Currently, the RBI guidelines require promoters to reduce their shareholding to 26 per cent in 15 years

Presenting the Budget, Finance Minister Nirmala Sithraman had said the government would sell a part of its 100 percent holding in LIC through an IPO in the next fiscal year

The PCA framework kicks in when banks breach any of the three key regulatory trigger points namely capital to risk weighted assets ratio, net non-performing assets (NPA) and return on assets (RoA).

LIC had on Monday agreed to raise its stake in IDBI to 51% from 8% by paying about Rs 130 billion