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Wednesday, 14 August 2019

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IDBI reports 11th quarterly loss in a row

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IDBI Bank reported its 11th consecutive quarterly loss of Rs 3,800 crore for April-June 2019 as compared to Rs 2,409 crore in the corresponding period of the previous year. The bank was acquired by LIC in January this year after it hiked stake to 51% and infused Rs 21,624 crore.

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