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

Govt not to participate in LIC's open offer in IDBI Bank

LIC's open offer to purchase 26 per cent shares of IDBI Bank opened on December 3 and will close on December 14.

4 Dec 2018 2:12 PM IST

Cabinet clears LiC purchasing stake in IDBI

Cabinet clears LiC purchasing stake in IDBI

On the NSE, shares of the company surged 5.60 per cent to close at Rs 62.15.

2 Aug 2018 1:37 AM IST

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

LIC will be asked to speed up IDBI Bank acquisition process

IDBI Bank and LIC chairman did not reply to queries in this regard.

23 Aug 2018 8:40 AM IST

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

As a captive bank, IDBI will get fresh liquidity from LIC deposits

IRDA has bent backwards and favoured LIC, which has been bailing out government divestment initiatives.

27 Aug 2018 8:46 AM IST

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

IRDAI to set timeline for LIC to cut stake in IDBI Bank to 15 per cent

LIC currently holds 7.98 per cent in debt-ridden IDBI Bank, and is in the process of increasing its stake to 51 per...

7 Sept 2018 3:59 PM IST

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

LIC board decides modalities, timeline for stake hike in IDBI Bank

LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.

4 Sept 2018 1:49 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

LIC, Orix, SBI to subscribe to Rs 4,500 crore IL&FS rights issue

The announcement came at the annual general meeting (AGM) of the company that has been defaulting on debt obligations.

29 Sept 2018 1:46 PM IST

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

IDBI board to consider allotment of 51 pc shares to LIC on Oct 4

IDBI Bank's scrip closed at Rs 50 on BSE, up 0.40 per cent.

28 Sept 2018 6:11 PM IST

Company has defaulted in payment of quarterly interest of Rs 2.12 crore, which was due on September 19, 2018.

Hotel Leela defaults on payment of quarterly interest to LIC

Hotel Leelaventure said the total interest outstanding as on date is Rs 13.80 crore.

20 Sept 2018 11:06 AM IST

Shares of Tata Global Beverages Ltd (TGBL) ended at Rs 194.30 apiece, down 1.20 per cent, on the BSE. (Photo: PTI)

LIC trims stake in Tata Global Beverages to 5.67 pc

LIC sold 1.28 crore shares representing 2.03 per cent stake of TGBL in open market between July 4 and Aug 23.

24 Aug 2017 5:09 PM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

Life insurers' new biz premium up 47 pc to Rs 20,428 cr in July

Cumulative premium collection by all insurers during April-July of 2017-18 rose 18 per cent to Rs 53,659.66 crore.

15 Aug 2017 1:31 PM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

IRDAI working with govt to create a simple platform for KYC

Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector.

7 Aug 2017 6:05 PM IST