BizSugar.com › News › VARINDIA IDBI Bank is sucking money from LIC

LIC owned IDBI Bank is continuing to struggle with its load of bad loans, which has been reporting losses for the past four fiscal years, reported another loss in this quarter. The bank’s bad loans have grown by more than four times over the past five years, leading to huge losses. Now, LIC has to do regular capital infusion just to stay alive.