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The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

LIC completes acquisition of 51 per cent stake in IDBI Bank

The bank had reported a net loss of Rs 3,602.49 crore during the September quarter of 2018-19.

21 Jan 2019 1:03 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

22 per cent shareholders exit IDBI after LIC makes open offer

The open offer for 2,04,15,12,929 shares was made last month at a price of Rs 61.73 per share.

14 Jan 2019 10:11 AM IST

LIC completed the acquisition of 51 per cent stake in IDBI Bank following possible change in the name of the bank. (Photo: )

IDBI Federal Life expects flat growth

We are expecting a growth between 12 per cent and 18 per cent this fiscal: CEO, director IDBI Federal Life, Vighnesh...

6 Feb 2019 12:51 PM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

Timeline for LIC to reduce stake in IDBI Bank depends on business...

The insurance giant has been given the approval to acquire 51 per cent stake on the condition of bringing it down to...

3 Feb 2019 4:53 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

RBI says no to IDBI Bank name change proposal

Board of IDBI Bank had last month sought RBI's approval for change in the name of the lender to either LIC IDBI Bank.

20 March 2019 2:48 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

RBI categorises IDBI Bank as private sector lender

IDBI Bank has been categorised as a private sector lender following acquisition of majority stake by LIC, RBI said.

14 March 2019 6:49 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI drafts revival strategy to bring banking, insurance under one...

IDBI and LIC, through its collective network of branches, offices and workforce, have started leveraging their mutual...

11 March 2019 11:54 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC forces IDBI Bank staff to buy insurance policies

By the end of the day, the number of policies sold crossed 18,000.

7 March 2019 1:17 AM IST

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

Govt offers pension for employees of public sector insurance companies

There has been a long-standing demand for another chance.

3 March 2019 10:11 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Banks Board Bureau identifies 75 senior officers for leadership roles...

Bureau was assigned with the task of recommending personnel for appointment as directors in govt-owned insurance...

19 April 2019 11:06 AM IST

FMCG firm Wipro Consumer Care and Lighting on Thursday said it plans to invest Rs 220 crore to set up a new manufacturing facility for personal care products in Telangana.

Govt sells Rs 1,150 crore worth enemy shares in Wipro

The sale would help in monetisation of movable enemy property lying dormant for decades.

5 April 2019 10:30 AM IST

On March 18, Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur.

NCLT asks Sebi to conclude probe into ITC, LIC allegations against...

Under Section 241 of the Companies Act, 2013, a minimum shareholding of 10 per cent is required to file such cases.

28 May 2019 7:56 PM IST