Mr. Raju Hormis, Asst. General Manager, Federal Bank said that the media reports indicating that IDBI Bank has “zeroed in'' on it for a possible buyout as “factually incorrect”. He said that neither IDBI Bank has approached them in this regard nor any due diligence been carried out by it.
Source: http://www.thehindubusinessline.com/blnus/17191832.htm
IDBI BANK HAS NOT TAPPED US: FEDERAL BANK
Labels: BANKING N FINANCE
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