Exemption to LIC in IDBI Bank deal on merits: IRDA to ET Now

Talking to ET Now, IRDA member (life) Nilesh Sathe asserts exemption given to the Life Insurance Corporation (LIC) in IDBI Bank deal was purely based on merits. He says the top insurer wanted to acquire stake from investment point of view, adding that similar exemptions were given in the past as well. Listen-in.