by AIP Online Bureau | Jul 12, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
Among other plans, the government intends to introduce succession planning in majority-owned companies alongside a proposal to train 230,000 managers across firms to prepare them for senior roles, the officials said. The government is likely to implement a plan that...
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...
by AIP Online Bureau | Dec 9, 2022 | Banking & Bancassurance, Life
The government on October 7 had invited bids for the EoI of IDBI Bank for which the last date is December 16. Both the government and Life Insurance Corporation (LIC) hold 94.71 per cent shares in the lender The deadline to submit preliminary bids for IDBI Bank...
by AIP Online Bureau | Aug 19, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
“The gradual approach to privatisation adopted by the government can ensure that a void is not created in fulfilling the social objective of financial inclusion”. Mumbai: The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to the...
by AIP Online Bureau | Jun 10, 2022 | Banking & Bancassurance, Indian News, Policy
The official said while the quantum of stake dilution of both the government and LIC is yet to be decided, the management control in IDBI Bank will be transferred in the strategic sale New Delhi: The government is likely to invite preliminary bids for privatising IDBI...
