by AIP Online Bureau | Dec 2, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
Replying to a question in the Rajya Sabha on whether the government has plans to disinvest four PSBs or to merge with larger banks by 2026, Minister of State for Finance, Pankaj Chaudhary, said: “Presently, no proposal on merger or disinvestment of Public Sector...
by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life
Some of the names where the government will like to disinvest include a few PSU banks like UCO Bank and Bank of Maharashtra and Life Insurance Corporation of India New Delhi, Sep 22 (IANS) India is set to surpass its Rs 47,000 crore disinvestment target for the...
by AIP Online Bureau | Aug 24, 2025 | Indian News, Life, Regulation
The voting rights of LIC will not exceed 10% of the total net effective voting rights of the IDBI Bank. Post completion of the strategic disinvestment transaction, the LIC will bring down its residual shareholding in the IDBI Bank to 15% or below, within two years of...
by AIP Online Bureau | Dec 5, 2024 | Banking & Bancassurance, Indian News, Life, Policy, Wealth Management/ Philanthropy
Reserve Bank of India on Thursday has accorded approval to our bank for divesting its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company Ltd by 13 per cent and 14.5 per cent, respectively through Initial Public Offer...
by AIP Online Bureau | Nov 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy
”We have made it clear that IDBI Bank is our number one partner in bancassurance. We will retain the some stake in IDBI Bank so that the bancassurance partnership continues,” LIC Chairman Siddhartha Mohanty said Mumbai: State-owned LIC, promoter of IDBI...
