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IDBI Bank sale likely to close by fiscal end after RBI nod: Dipam secy
The strategic transaction of IDBI Bank is expected to be completed by the end of the current financial year, subject to regulatory clearance from the Reserve Bank of India (RBI), DIPAM Secretary Arunish Chawla has said. The successful bidder will submit its technical papers to the RBI and present its credentials, including details required to meet additional compliance and regulatory requirements, he told PTI. After the RBI clears the successful bidder, he said, the share purchase agreement wil…
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