🏦 !LIC –

IDBI

Bank Update

📌 SEBI has approved the reclassification of LIC as a public shareholder in IDBI Bank. 👉 This comes as part of the govt’s strategic divestment process. 💡 Key Point: LIC will continue its bancassurance partnership with IDBI Bank 🤝 ⚡ Why it matters: Smoothens divestment roadmap for the govt Strengthens IDBI’s positioning ahead of potential stake sale LIC focuses on core insurance + bancassurance play