by AIP Online Bureau | May 5, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy
Arunish Chawla,Secretary ,Department of Investment and Public Asset Management On the issue of further stake dilution in LIC, Chawla said the government aims to meet the minimum public shareholding requirement by the financial year ending March 2027, in line with the...
by AIP Online Bureau | Apr 9, 2025 | Eco/Invest/Demography, Indian News, Life, Policy
The privatisation of IDBI Bank has been in process for over two and a half years. In October, 2022, when the government, together with LIC, had invited EoI from investors for privatising IDBI Bank by selling a total of 60.72 per cent stake. This includes a 30.48 per...
by AIP Online Bureau | Feb 10, 2025 | Eco/Invest/Demography, Indian News, Life, Policy, Regulation
The government, along with LIC, is selling nearly 61 per cent stake in IDBI Bank. This includes a 30.48 per cent stake of the Government of India and 30.24 per cent of LIC New Delhi: The due diligence of qualified bidders for IDBI Bank, which is up for privatisation,...
by AIP Online Bureau | Aug 1, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
The Indian government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India which holds 49.24%, together plan to sell 60.7% of the lender MUMBAI/NEW DELHI: The Reserve Bank of India(RBI) has completed its review of potential buyers for a...
by AIP Online Bureau | Jul 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) On the disinvestment of PSU banks, Pandey stated that the Department of Financial Services could provide more details, but he mentioned that it is not being pursued currently...
