Moody's upgrades IDBI Bank's rating by a notch on LIC takover

Moody's upgrades IDBI Bank's rating by a notch on LIC takover

12:01 AM
The upgrade follows the Life Insurance Corporation acquiring 51 percent stake in the crippled lender which has around 32 percent of its assets as dud loans, thereby, improving its solvency.

from Zee News :Business http://bit.ly/2WmgOUq
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