Life Insurance News Govt, LIC mull at least 51% stake sale in IDBI Bank October 1, 2022 admin 299 Views 0 Comments govt, IDBI Bank, LIC The government and life insurer LIC, which together own 94.71 per cent stake in IDBI Bank, are weighing in on Read more
Private life insurance IDBI Bank exits insurance, sells entire stake to Ageas for Rs. 580 crore June 30, 2022 admin 198 Views 0 Comments Ageas, IDBI Bank, Insurance IDBI Bank has entered into a share purchase agreement with Ageas Insurance International, wherein the bank is looking to sell Read more
Private life insurance IDBI Bank to sell entire stake in life insurance arm to JV partner May 9, 2022 admin 312 Views 0 Comments IDBI Bank, JV partner, life insurance IDBI Bank will offload its balance 25 per cent stake in Ageas Federal Life Insurance Company (AFLI) to Ageas Insurance Read more
Life Insurance News LIC to sell stake in IDBI Bank to ease disinvestment process March 11, 2021March 14, 2021 admin 265 Views 0 Comments disinvestment, IDBI Bank, shareholding Life Insurance Corporation of India has agreed to shed its shareholding in IDBI Bank with an objective to boost to Read more
Life Insurance News LIC keen to divest its stake in IDBI Bank: Report December 5, 2020March 19, 2021 admin 432 Views 0 Comments IDBI Bank, institutional investor, Insurance, LIC The country’s biggest institutional investor Life Insurance Corporation of India (LIC) is keen to divest its stake in IDBI Read more
Life Insurance News IDBI Bank, LIC plans future roadmap April 5, 2019 admin 775 Views 0 Comments IDBI Bank, LIC IDBI Bank and LIC have constituted a joint task force to chart out a roadmap, both for the bank as Read more
Life Insurance News LIC may go slow on additional capital infusion in IDBI Bank March 28, 2019 admin 565 Views 0 Comments IDBI Bank LIC which has already infused about Rs 14,500 crore in December 2018 in IDBI Bank, is likely to go slow Read more
Life Insurance News IDBI Bank Allots Shares worth Rs. 14,500 Crore to LIC January 7, 2019 admin 786 Views 0 Comments IDBI Bank, LIC IDBI Bank said in a communication that it has allotted shares worth Rs. 14,500 core to Life Insurance Corporation. The move was Read more
IRDA in India IRDAI to set timeline for LIC to reduce stake in IDBI Bank October 15, 2018 admin 993 Views 0 Comments All India IDBI Officers Association (AIIOA), IDBI Bank, IRDAI IRDAI has that it will set the timeline to reduce LIC’s shareholding in IDBI Bank from 51 % to 15%. Read more
Life Insurance News Union Cabinet allows LIC to raise stake in IDBI September 10, 2018 admin 512 Views 0 Comments IDBI Bank, Union Cabinet The Cabinet cleared a deal to allow LIC raise its stake in IDBI Bank to 51 per cent, Finance Minister Read more