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Government raises Rs 31,552 crore as LIC Offer for Sale closes with overwhelming investor response

Government raises Rs 31,552 crore as LIC Offer for Sale closes with overwhelming investor response

by AIP Online Bureau | Aug 5, 2026 | Eco/Invest/Demography, Indian News, Life, Policy, Regulation

“Offer for Sale in the Life Insurance Corporation of India (LIC) closed with an overwhelming response from both retail and institutional investors. The issue was oversubscribed on both days, and the Government exercised its entire green shoe option. With this,...
Govt to roll out common customer ID for banks, insurers; mutual funds to follow, sources say

Govt to roll out common customer ID for banks, insurers; mutual funds to follow, sources say

by AIP Online Bureau | Jul 24, 2026 | Eco/Invest/Demography, Indian News, Technology

The new system, known as Central Know-Your-Customer 2.0 (CKYC), will only require the customer’s consent for these institutions to fetch data stored at a central registry when opening an account or updating their details. Mumbai: Indian banks and insurers will...
Government raises Rs 31,552 crore as LIC Offer for Sale closes with overwhelming investor response

LIC highlights stronger profitability, market leadership in investor presentation

by AIP Online Bureau | Jul 6, 2026 | Indian News, Life

Outlining its future priorities, the corporation said its strategy would focus on increasing the share of non-participating products, strengthening profitability, expanding bancassurance and alternate distribution channels, accelerating digital transformation, and...
India posts 5 pc higher AUM growth than Asia Pacific over retail investor demand

India posts 5 pc higher AUM growth than Asia Pacific over retail investor demand

by AIP Online Bureau | Apr 30, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Retail products already account for 61 per cent of total Indian AUM, making India one of the most retail-dominated markets in the region, the firm said. New Delhi: India’s asset under management grew 17 per cent in 2025 — ahead of the Asia-Pacific average of 12 per...
Two days of stock market slump wipes out Rs 18.60 lakh cr from investors’ wealth

Two days of stock market slump wipes out Rs 18.60 lakh cr from investors’ wealth

by AIP Online Bureau | Mar 30, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

“Another day of Carnage witnessed on D-Street. Uncertainty looms over sentiments. Escalating tensions in West Asia continued to weigh heavily on markets, as the ongoing US-Israel conflict with Iran entered its fifth week and expanded across the region,”...
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