Cutting down from a high of 51 per cent stake will take longer and cannot be done in months, sources said, adding that the same may be conveyed by the...
IDBI Bank to Emerge as An Exclusive Financial Conglomerate With Insurance & Banking Expertise
IDBI Bank said it is strategising to be a ‘one-of-its-kind’ financial conglomerate and plans to bring banking and insurance services under a single pl...
IDBI Bank Might Become LIC Bank, Name Change on Cards
The board in its meeting has "approved a proposal for change of name of IDBI Bank, subject to RBI's no objection, name availability or reservation by ...
LIC Acquires 51% Stakes of IDBI Bank
"The deal, conceptualised in June 2018, is envisaged as a win-win situation for both IDBI Bank and LIC with an opportunity to create enormous value fo...
LIC Begins Acquisition Process for IDBI Bank
"The Bank has received a letter dated August 28, 2018 from LIC giving their in principle approval for subscription of the equity shares on preferentia...
It’s Official: LIC to Acquire 51% Stakes in IDBI Bank
The decision also conveyed no objection to the reduction in the government of India shareholding in IDBI Bank Limited to below 50% by dilution, said a...
IDBI Bank Seeks Govt’s Approval on Acquiring LIC’s Majority Stakes
State-run IDBI Bank is seeking Central Government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 percent stake in the debt-ridden len...
LIC to Enter into Banking, by Acquiring Majority Stakes in IDBI Bank
As the Government makes efforts to revive the fortunes of IDBI Bank, which is saddled with huge amounts of bad loans, LIC becoming a major stakeholder...
SIDBI Allocated Rs 300 Cr Fund for Startups
SIDBI's expert committee has allocated Rs 300 Crore for investment opportunities in startups, taking the total sanctions so far this fiscal to over Rs...
Axis Bank Ties up with LIC
Life Insurance Corporation of India (LIC) and Axis Bank signed a Memorandum of Understanding to distribute LIC’s multiple life insurance products to t...
