IDBI Bank Receives Final Letter Of Open Offer From LIC
The public sector lender IDBI Bank yesterday announced that it has received the final letter from Life Insurance Corporation (LIC) for an open offer to...
Tag : LIC
Former IRDAI Chief Appointed As Additional Director By YES Bank
The former IRDAI and LIC chief, TS Vijayan, has been appointed as Additional Director (Independent) in the YES Bank’s board. The private sector lender released...
Net Loss Reported By IDBI Bank For Eighth Consecutive Quarter
IDBI Bank has reported a net loss for the eighth consecutive quarter, as the state-owned bank reported a net loss to Rs 3,602.49 crores, widening...
Rakesh Sharma Appointed As MD & CEO Of IDBI Bank
Senior banker Rakesh Sharma has been appointed as managing director (MD) and chief executive officer (CEO) of IDBI Bank by the government. Sharma appointment is...
NCLT Approves The Takeover Of IL&FS Management Board
The National Company Law Tribunal (NCLT) has approved the takeover of the crisis-hit IL&FS management board by the government. The corporate affairs ministry has applied...
Shareholders Approve IL&FS’s Plans To Raise Rs. 15000 Crores
Infrastructure Leasing & Financial Services Ltd (IL&FS) has secured shareholders approved for its plans to raise money through debt and equity after its recent debt...
LIC Housing Finance Profit Rises By 18% To Rs. 568 Crores
One of the largest state-owned housing finance company, LIC Housing Finance registered an 18% surge in net standalone profit to Rs. 567.9 crores as compared...
IDBI Reports Net Loss For Seventh Consecutive Quarter
Industrial Development Bank Of India (IDBI) released their quarterly financial report for the first quarter for the fiscal year 2019 where it posted a net...
LIC board has given approval to buy majority stake in IDBI Bank
Life Insurance Corporation of India’s (LIC) board has given approval to acquire a majority stake in IDBI Bank, mostly through a preferential allotment of shares. LIC will be...
IRDA has given approval to LIC, to buy stake in IDBI Bank
The Insurance Regulatory Development Authority of India (IRDAI) has given approval to Life Insurance Corporation of India (LIC), to invest up to 51% in IDBI Bank. As...