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...
by AIP Online Bureau | Sep 4, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
The Department of Investment & Public Asset Management (DIPAM), on behalf of Gol and LIC, on Monday floated an RFP to engage a ”reputed Asset Valuer Entity -registered with Insolvency & Bankruptcy Board of India (IBBI), to act as the Asset Valuer for...
by AIP Online Bureau | Jan 7, 2023 | Banking & Bancassurance, Indian News
The government and LIC together are looking to sell 60.72 per cent in IDBI Bank and had invited bids from potential buyers in October. The government has received multiple preliminary bids for strategic sale of about 61 per cent stake in IDBI Bank. ”Multiple...
by AIP Online Bureau | Jan 5, 2023 | Banking & Bancassurance, Indian News, Life, Policy, Regulation
The government had requested Sebi to treat its residual stake in IDBI Bank as a financial investment since it would not exercise any control over the bank or have any special rights The government would also not have any representation on the bank’s board The...
by AIP Online Bureau | Dec 14, 2022 | Banking & Bancassurance, Indian News, Policy
The government and the Life Insurance Corporation (LIC) hold 94.71 per cent of IDBI Bank and are looking to offload 60.72 per cent in the state-owned bank. The successful bidder will have to make an open offer of acquisition of 5.28 per cent of the public...
