by AIP Online Bureau | Oct 26, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The finance ministry in its performance review has been sensitising the LIC management about the steps that could be taken to better investor wealth and focus on non-participating products or term plans to improve profitability New Delhi: The government is nudging LIC...
by AIP Online Bureau | Oct 23, 2022 | Banking & Bancassurance, Indian News, Life, Policy
The government earlier this month invited bids for the sale of a 60.72 percent stake in IDBI Bank, which is 45.48 percent owned by the government and 49.24 percent by the Life Insurance Corporation of India (LIC). The official said that post-privatization, the...
by AIP Online Bureau | Oct 20, 2022 | Indian News, Life, Policy
LIC had bought a 51 per cent stake in IDBI Bank in 2019 for Rs 21,624 crore at an average price of Rs 61 per share. Following a QIP issue in December 2020, the stake of LIC came down to 49 per cent New Delhi: State-owned insurance behemoth LIC is expected to recover...
by AIP Online Bureau | Oct 17, 2022 | Indian News, Life
(Lto R) BC Patnaik, MD, Raj Kumar, MD, MR Kumar, chairperson, Siddhatha Mohanty,MD at the launching event of LIC’s Dhan Varsha The policy is a close ended plan and will be available for sale upto the end of current financial year -31st March 2023 Mumbai: Life...
by AIP Online Bureau | Oct 7, 2022 | Eco/Invest/Demography, Indian News, Policy
“Expression of Interest is invited for Strategic Disinvestment of specified GoI and LIC stakes in IDBI Bank along with transfer of management control. Details are at https://dipam.gov.in,” tweeted Secretary Dipam New Delhi: The government on Friday invited...
