Life Insurance Corporation

Thursday, Apr 25, 2024 | Last Update : 10:32 PM IST

Life Insurance Corporation Page-2

IDBI Bank officers have opposed the proposed 51 per cent acquisition of the bank's stake by LIC, saying this is a clear move to privatise it, bypassing the assurance given to Parliament.

IDBI Bank employees oppose proposed take over by LIC

This is a clear move to privatise it, bypassing the assurance given to Parliament.

03 Jul 2018 5:27 PM

State-owned IDBI Bank on Friday said no discussion has taken place with regard to capital injection of Rs 13,000 crore in the bank by insurance major LIC.

IDBI Bank says 'no discussion' on Rs 13,000-cr capital infusion by LIC

Industry and government sources have said that LIC is looking to enter the banking space.

29 Jun 2018 5:15 PM

The government is expecting the LIC-IDBI Bank deal to conclude with all approvals in place by end of the second quarter.

Govt confident LIC-IDBI deal will conclude by September

Insurance regulator Irdai is expected to clear the deal in its June 29 board meeting with some conditions.

28 Jun 2018 11:18 AM

The bank has a market capitalisation of nearly Rs 23,000 crore while its real estate assets as well as its investment portfolio are estimated to be worth over Rs 20,000 crore.

LIC may enter banking sector; eyes majority stake in IDBI Bank

The deal is expected to provide business synergies despite the lender's stressed balance sheet.

27 Jun 2018 1:06 PM

The government on Friday sounded evasive about the media reports that it was planning to ask LIC to take a controlling stake in the crippled IDBI Bank, saying the boards of the respective entities will take a call on the matter.

IDBI-LIC stake deal: Fin Min official says boards to take a call

There have been reports that having failed to get a buyer for its stake in IDBI Bank, the govt might ask LIC.

25 Jun 2018 4:38 PM

LIC sells off 2.03 per cent stake in Tata Global beverages

Life Insurance Corporation (LIC) has reduced its shareholding in FMCG firm Tata Global Beverages Ltd (TGBL) to 5.67 per cent.

24 Aug 2017 5:08 PM

A broker during a trading session at BSE.

ITC's crash forces LIC to lose Rs 7,000 crore

With a 16.29 per cent stake in ITC, life insurance giant is largest shareholder in cigarette maker.

18 Jul 2017 12:13 PM

Bonds to give Metro shot in arm

MMRDA plans to raise funds for Rs 80K crore projects via LIC bonds.

11 May 2017 12:49 AM

Bombay HC grants LIC time to reply to PIL filed by TMH

The court has allowed three other organisations to intervene in the petition and listed the matter for hearing after the vacation.

28 Apr 2017 4:43 AM

Delhi University’s Shri Ram College of Commerce (SRCC).

SRCC students to teach digital ‘fundas’ to common people

The financial literacy cell “Vittshala,” which was launched by finance minister Arun Jaitley, has now come into action.

13 Dec 2016 2:44 AM

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Dilip Cherian