Key Highlights: i. In the 2022 June quarter, 8 major banks faced losses, out of which, only 2 have escaped losses.' ii. IDBI Bank has been categorised as a private lender for regulatory purposes by the RBI, with effect from 21st January 2019, subsequent to Life Insurance Corporation (LIC) acquiring 51% of its total paid-up equity share capital. iii.What is Divestment? – Divestment is the process of selling subsidiary assets, investments, or divisions of a company in order to maximise the value of the parent company. About IDBI Bank Limited: Managing Director (MD) & CEO – Rakesh Sharma Establishment – 2004