LIC keen to retain some stake in IDBI Bank for bancassurance gains: Chairman

IDBI Bank has been the strongest contributor to the bancassurance channel, he said, adding for the bancassurance arrangement to continue LIC may not require to hold the entire stake.

published on : 1st May 2022

IDBI Bank privatisation process on; Decision on quantum of dilution after roadshow: DIPAM Secy

The government may decide to sell its entire stake in one go or in tranches, depending on the investors' response.

published on : 29th April 2022

Govt assessing interest of investors for sale of stake in IDBI Bank

The government is yet to invite expression of interest (EoI) for sale of its stake in IDBI Bank, and is gauging interest of investors through road shows, it informed the parliament today.

published on : 22nd March 2022

Government plans to float EoI for its stake sale in IDBI Bank next month 

As part of the divestment, the government plans to sell its entire 45.48 per cent stake eventually.

published on : 14th March 2022

LIC would like to hold stake in IDBI Bank: Chairman

The Life Insurance Corporation (LIC) on Monday said that would like to maintain some stake in IDBI Bank even as the government is planning to divest the insurer’s 49% stake in the bank.

published on : 22nd February 2022

CBI books Mumbai-based firm for cheating IDBI Bank of Rs 63.10 crore

The agency carried out searches at nine places, including at Mumbai, Nagpur and Chhattisgarh, at the premises of the accused which led to the recovery of incriminating documents.

published on : 1st November 2021

IDBI Bank Q2 profit surges 75% to Rs 567 crore

The LIC-controlled bank recorded a net profit of Rs 567 crore in the July-September period, a 75 per cent jump compared to the Rs 324 crore it earned during the same period in the last fiscal.

published on : 21st October 2021

Union Government may tweak IDBI Bank bidding

According to the official, the department had already sought clarifications from the RBI, if business houses will be allowed to participate in the bidding process.

published on : 19th October 2021

Budget 2021: Modi government eyes Rs 1.75 lakh crore from disinvestment

The government has already invited the Expression of Interest for Air India, BPCL and Shipping Corporation of India, while it hopes to complete disinvestment of IDBI Bank, Neelanchal Ispat Nigam etc.

published on : 2nd February 2021

LIC will have management control, says IDBI Bank

In a new twist to the proposed LIC-IDBI Bank deal, the lender’s interim boss B Sriram has said the insurer will have management control in the bank. Till now, it was believed LIC would acquire 51 per

published on : 18th July 2018

Government looking for retired bureaucrat to head LIC-IDBI bank

Apart from IDBI-LIC, government is considering non-executive chairman for two other PSBs including Allahabad Bank and UCO Bank.

published on : 4th July 2018

Opposition slams LIC plan to bail out IDBI Bank

The Congress and the Left criticised the government's move to buy stake in the IDBI Bank asking why was a government insurer bailing out a defaulter bank at a cost of Rs 13,000 crore.

published on : 1st July 2018

Insurance regulator okays Life-line for sick IDBI Bank

Insurance Regulatory and Development Authority on Friday cleared the decks for state-run Life Insurance Corporation to go beyond the normal threshold and acquire up to 51 per cent stake in IDBI Bank

published on : 30th June 2018

LIC may enter banking space; eyes majority stake in IDBI Bank

While a final decision is yet to emerge on whether LIC would be snapping up over 50 per cent stake in IDBI Bank, official sources said the preliminary contours of such a plan is being worked out.

published on : 26th June 2018

LIC can hold 30 per cent stake in IDBI

State-run LIC, the black knight for IDBI Bank, can hold as much as 30 per cent equity stake in an entity as a strategic promoter, according to sources.

published on : 26th June 2018
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