City Union Bank has beaten larger rivals such as HDFC Bank & SBI, thanks to its successful record in lending to SME sector while keeping a lid on bad loans.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
Not to be blamed by the public to the Govt, it is escaping the wrath and shielding LIC to buy the stake. IDBI can never be revived because the stake or the management control of the Bank with LIC means it is the management of Govt through LIC for IDBI. In all there is every possibility of the sinking IDBI bank pulling LIC to sink along with it.
Not to be blamed by the public to the Govt, it is escaping the wrath and shielding LIC to buy the stake. IDBI can never be revived because the stake or the management control of the Bank with LIC means it is the management of Govt through LIC for IDBI. In all there is every possibility of the sinking IDBI bank pulling LIC to sink along with it.