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 | Feb 23, 2024 | Eco/Invest/Demography, Indian News, Non-Life
Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for Rs 40.51 billion and an additional 19% holding within three years of the first purchase Bengaluru/Mumbai: Zurich Insurance Group will buy a 70% stake in Kotak...
by AIP Online Bureau | Jul 31, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
The bank however has termed claims made in this report “completely incorrect and baseless” Kotak Mahindra’s holdings in units – Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. – are also under review as the...
by AIP Online Bureau | Nov 29, 2021 | Banking & Bancassurance, Indian News, Life, Policy, Regulation
”Kotak Mahindra Bank has received an intimation from Life Insurance Corporation of India (LIC) stating that the Reserve Bank of India had granted its approval to LIC, for increasing its holding in the bank up to 9.99 per cent of the paid-up equity share capital...
