by AIP Online Bureau | Oct 23, 2022 | Banking & Bancassurance, Indian News, Life, Policy
The government earlier this month invited bids for the sale of a 60.72 percent stake in IDBI Bank, which is 45.48 percent owned by the government and 49.24 percent by the Life Insurance Corporation of India (LIC). The official said that post-privatization, the...
by AIP Online Bureau | Oct 22, 2022 | Indian News, Regulation, Wealth Management/ Philanthropy
BOB, India’s third largest PSU bank, holds 65 per cent stake in the company, followed by Warburg Pincus affiliate Carmel Point Investments India that owns 26 per cent stake and Union Bank of India that has 9 per cent shareholding Mumbai: Bank of Baroda-promoted...
by AIP Online Bureau | Oct 21, 2022 | Indian News, Life
Vibha Padalkar,Managing Director and Chief Executive Officer of HDFC Life said, ”we can easily do away with 100-150 branches from the existing 383 (ours and around 200 of theirs). Some of our own branches will also be shuttered but there won’t be any...
by AIP Online Bureau | Oct 21, 2022 | Indian News, Pension & Social Security, Policy
“We have taken an in-principle decision to this effect in a cabinet meeting. This will benefit lakhs of employees,” he said while adding that modalities will be worked out. Chandigarh: The Punjab government on Friday decided to restore the old pension...
by AIP Online Bureau | Oct 21, 2022 | Eco/Invest/Demography, International News, Non-Life
The rates in Ukraine are currently higher than previously experienced in Iraq and Afghanistan…Principally, it’s a more active war zone rather than an insurgency situation,” said Alexis Fehler, accident and health underwriter at Lloyd’s of...
