RBI may have pushed for IDBI board’s independence

Before it okayed takeover deal, RBI deleted 2 tweaks LIC proposed in bank’s articles

THE CONTENTIOUS AMENDMENTS

Shayan Ghosh shayan.g@livemint.com MUMBAI
CORPORATE


The Reserve Bank of India (RBI) struck down two contentious amendments, proposed by Life Insurance Corporation of India (LIC), in IDBI Bank Ltd’s articles of association (AoA), before it approved the deal as it wanted the bank’s board to retain its...

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