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Employees’ unions of LIC, IDBI Bank & banking industry oppose LIC acquiring IDBI Bank
IRDA clears LIC’s IDBI Bank acquistion plans, defers approvals for new `Reinsurance Regulations’
“Yes , we have cleared a proposal from the LIC to pick up upto 51 per cent in the IDBI Bank and asked them to inform us afterwards when they plan to bring it down to 15 per cent, which is the maximum permissible limit a life insurer can have in its investment in another company. But we have postponed our approval for the new reinsurance regulations.,’’ said top sources at IRDAI.
Cos’ directors to furnish personal mobile numbers for verification: Govt
Climate change could cost India 2.8% of GDP by 2050:World Bank
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