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Pnb, Vijaya To Take Idbi Stake In Amc

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Freny PatelSangita Shah BUSINESS STANDARD
Last Updated : Jan 28 2013 | 1:52 AM IST

Principal share likely to remain at 50%

Punjab National Bank (PNB) and the Bangalore-based Vijaya Bank will pick up stakes in IDBI-Principal Asset Management Company after the exit of the Industrial Development Bank of India (IDBI). The two banks are awaiting approval of the Reserve Bank of India (RBI).

S M Kapur, chairman and managing director of Vijaya Bank, confirmed the development and said,

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First Published: May 12 2003 | 12:00 AM IST

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