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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's open offer for 26 pc stake in IDBI Bank to begin from December 3

The open offer, at Rs 61.73 per equity share, will close on December 14.

11 Oct 2018 1:45 PM GMT

After superseding the IL&FS board, the Centre has once again moved the NCLT seeking relaxation in certain rules for faster resolution of crisis-ridden infra lender.

Govt shifts to top gear for resolving IL&FS crisis

Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.

9 Oct 2018 11:38 AM GMT

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

IDBI officers allege LIC deal violates status quo assurance

IDBI Bank on October 4 allotted about 33.99 crore equity shares to LIC at a price of Rs 61.73 per share.

8 Oct 2018 6:08 AM GMT

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

LIC board approves acquisition of up to 51 per cent stake in IDBI Bank

Insurance regulator Irdai has already given its approval to the insurer for the stake purchase.

16 July 2018 8:58 AM GMT

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 unions oppose acquisition of IDBI Bank by insurer

LIC currently holds 11 per cent stake in IDBI bank and its total stressed portfolio is 35.9 per cent of total loans.

10 July 2018 10:47 AM GMT

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)

Game of daylight robbery

PSUs have been repeatedly used by successive governments to bail out sick units or failed attempts to raise funds.

7 July 2018 6:35 PM GMT

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

IDBI Bank employees oppose proposed take over by LIC

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

3 July 2018 11:57 AM GMT

PFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.

PFC completes REC acquisition, pays Rs 14,500 cr to government

The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial...

28 March 2019 9:00 AM GMT

Health insurance is not just another tax-saving header. It is a necessity. If you are without a health cover today, you are taking a risk. A sudden hospitalisation can be potentially worth lakhs of rupees.

LIC Bahrain ops downgraded

As LICI is an offshore subsidiary of LIC of India, AM Best has placed these credit ratings concurrently under review...

8 April 2019 8:07 PM GMT

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Life insurers see strong growth

April has particularly been fruitful for the listed players in new business premium. All the four listed players saw...

17 May 2019 9:03 PM GMT

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 new premium more than doubles in June; pushes industry collection...

All the 24 life insurers had written new gross premium of Rs 16,611.57 in the same month a year ago.

14 July 2019 6:37 AM GMT

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 to have 2 new MDs, interviews soon

According to a top ministry source, the probable candidates have been short-listed for the positions and the interviews...

31 July 2019 7:51 PM GMT