LIC may go slow on additional capital infusion in IDBI Bank

LIC which has already infused about Rs 14,500 crore in December 2018 in IDBI Bank, is likely to go slow on further investment.

According to sources “While an additional capital has been sought, another big chunk may not be payable on an immediate basis,”

Sources said that IDBI Bank is seeking Rs 9,000 crore to 10,000 crore on an immediate basis from the life insurer.