Is LIC acquiring a majority stake in IDBI Bank the transformation Arun Jaitley had promised in Union Budget 2016? Or, is it another intermediate stepa sort of warehousing arrangement?
4 min read2 Jul 2018Life insurance Corporation of India (LIC), which currently owns 8% in IDBI Bank, wants to buy an additional 43% stake in the lender for about Rs10,500 crore
2 min read23 Jun 2018IDBI Bank to get professionally-run board after privatisation
2 min read14 Jun 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared