IDBI Assistant Manager recruitment 2019: The call letter is available at the official website- idbi.com. The recruitment examination will be conducted for hiring to the vacant posts of 515 assistant manager
Banking sources said the LIC may have to cut down its stake in other banks as the promoter of a bank cannot hold more than 5 per cent stake in other banks. LIC holds sizeable stake in many PSU banks, including SBI, and nominee directors in some of them.
Justice Vibhu Bakhru rejected the petition by the All India IDBI Officers Association, which had opposed the move of Life Insurance Corporation (LIC) on the ground that change in shareholding could take away the public sector bank status of IDBI.
Well after Prime Minister Rajiv Gandhi announced in the 1987-88 Budget his government’s intention to form a separate board for the regulation and orderly functioning of the stock exchange and the securities industry.