Banking chronicle The National Bank for Agriculture and Rural Development (Nabard) has bought an additional 7% stake in
Small Industries
Development Bank of India (Sidbi) for noo
cr from troubled public sector
lender IDBI Bank Ltd bsc chronicle.
This is the largest investment made
by the apex rural financial institution so far, and raises its total
shareholding in Sidbi to 10% bsc magazine-Buy–Now. The central bank restricted IDBI Bank's operations in May after its financial ratios worsened
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