Re-categorization of IDBI Bank Ltd. as a Private Sector Bank

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Published on March 14, 2019

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Re-categorization of IDBI Bank Ltd. as a Private Sector Bank

IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank.

Jose J. Kattoor
Chief General Manager

Press Release: 2018-2019/2194