Life Insurers Report New Business Premiums Up 37% In March
New business premiums (NBP) for life insurers rose 37 per cent to Rs 59,608.92 crore in March 2022, with market leader LIC recording a 51...
Tag : LIC
Govt Modifies FEMA Rules To Allow 20% FDI In LIC
The government has amended the Foreign Exchange Management Act (FEMA) rules, paving the way for up to 20 per cent foreign direct investment by insurance...
Why LIC Housing Finance Share dropped 5% on Wednesday? What’s ahead?
LIC Housing Finance Ltd NSE :LICHSGFIN BSE :500253 Sector : Finance Post results LIC Housing Finance Ltd share prices dropped more then 5% on Wednesday’s trading session, Stock closed...
NHAI in Eyes with LIC to Raise Rs 25,000 crore
Reportedly, the national highways building authority NHAI is in talks with Life Insurance Corporation (LIC) to raise around Rs 25,000 crores through the sale of...
LIC Sells 2% Stake in Axis Bank
On Monday, representing about 2 per cent stake, Life Insurance Corporation of India (LIC) sold over 5.25 crores shares of Axis Bank Ltd. through an...
LIC And IDBI Creates Task Force To Tackle Bad Debts
To implement synergies, Life Insurance Corporation of India and IDBI Bank Ltd. had put up a task force. About four months earlier, India’s biggest insurance...
LIC's Stake Reduction In IDBI Bank Sought By IRDAI
On Monday, IRDAI has sought a proposal from LIC for combining its shareholding with a recently acquired controlling stake in IDBI Bank Ltd. According to...
IDBI Bank To Retain MD Rakesh Sharma For 3 More Years
The IDBI Bank is planning to appoint the current MD Rakesh Sharma for three more consecutive years as an MD and Chief Executive. Also, it...
LIC Completes Acquisition Of 51% Controlling Stake In IDBI Bank
The state-controlled IDBI Bank has announced that the Life Insurance Corporation (LIC) completed the acquisition of 51% controlling stake in the Bank today on 21St...
Coal India Ltd. Announces Interim Dividend Worth Rs 4500 Crores
State-controlled Coal India Limited has announced an interim dividend of 72.5% per cent or Rs. 7.25 a share (face value Rs.10) worth about Rs. 4500...