IDBI Bank To Get Rs 9,300-Crore Fund Infusion From Government, LIC: Prakash Javadekar

Union Minister Prakash Javadekar said that the government will provide a one-time recapitalisation of Rs 4,557 crore to IDBI Bank, while a fund infusion Rs 4,743 crore will be provided by LIC. He also said that the government is closely monitoring the developments in the banking sector.