# An IBA committee will look at the issues pertaining to distribution tie-ups of banks for third-party products.

*fintech · news · 2026-04-24 · Business Standard*

## Key points

- The disinvestment process for LIC and IDBI Bank will continue despite recent reports to the contrary.
- An IBA committee will review whether banks should have exclusive or open architecture for third-party product tie-ups.
- Recent government guidance pressures banks to avoid exclusive deals with their own insurance subsidiaries.
- Sitharaman convened a meeting to address new cybersecurity risks posed by Anthropic’s Claude Mythos AI system.
- Indian banks are now instructed to report cyber incidents and coordinate defensive efforts through the IBA.

**Companies:** Life Insurance Corporation of India, IDBI Bank, SBI Life
**Countries:** India

[Read the full story on Business Standard](https://www.business-standard.com/finance/news/idbi-bank-disinvestment-process-to-continue-says-fm-nirmala-sitharaman-126042401075_1.html)

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