IDBI Bank has revived its plans for entering the private equity (PE) business. The bank has sought permission from the Reserve Bank of India (RBI) again to foray into the segment and is targeting a corpus of Rs 1,000-1,500 crore for its first fund. Initially, it intends to tap domestic sources to raise funds and may look at tapping overseas investors later from second fund onwards, a bank executive said. The bank approached RBI for a second time in August this year. The erstwhile development financial institution had approached the regulator in 2007 to get into the private equity business. While no formal proposal was moved, RBI had then advised the bank to concentrate on its upcoming life insurance business. Its joint venture with Fortis and Federal Bank is now up and running. […]