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 25, 2022 | Indian News, Life, Policy
The Bill, with proposed amendments to the Insurance Act 1938 and Insurance Regulatory and Development Authority Act, 1999, is expected to be tabled in Parliament in the upcoming Budget session starting next month, sources said. New Delhi:The country’s largest...
by AIP Online Bureau | Dec 14, 2022 | Indian News, Life
The LIC scrip on Wednesday opened at Rs 723 and during the intra-day trade it touched a high of Rs 732 and a low of Rs 719.95. A change in the accounting policy resulted in LIC’s profit shooting up by Rs 14,271.80 crore to Rs 15,952.29 crore for the Q2FY23....
by AIP Online Bureau | Dec 8, 2022 | Indian News, Life, Policy
“The government is planning to broaden the eligibility criteria for appointment of LIC CEO so that private sector candidates can apply,” said one of the government officials, who declined to be identified as the discussions are private New Delhi: India...
