What LIC needs to do with IDBI Bank
To reap the benefit of the LIC-IDBI Bank deal, the culture has to change. Otherwise, IDBI Bank will remain the banking sector's Air India
Many employees of IDBI Bank Ltd across India, mostly from rural areas, are seeking advice from their seniors on how to cope with the fallout of the government ceding control of the lender. They fear that the prestige and job security of being part of a government-run organization will be lost. Some of them had even taken dowry by virtue of being a “government servant" and now dread facing their in-laws.