The Industrial Development Bank of India (IDBI) has approached the Reserve Bank of India (RBI) seeking relaxation in exposures norms for banks and financial institutions which have exceeded their limit vis-a-vis IDBI.
IDBI is particularly keen to waive the exposure limit in regard to the State Bank of India (SBI) and Life Insurance Corporation (LIC) which are flush with liquidity and therefore can park funds with IDBI. Both SBI and LIC have subscribed to IDBI
