IDBI bank
LIC-IDBI Bank deal gets clearance from Cabinet
The LIC-IDBI deal has been approved, after the meeting of Union Cabinet, chaired by Prime Minister Narendra Modi.
Moody's places IDBI Bank's long-term ratings for upgrade
The bank's board has sent the LIC's proposal for buying 51 per cent to the government for approval.
IDBI Bank seeks Centre’s nod to sell stake to LIC
Irdai has already given its approval to the insurer for the stake purchase.
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.
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.
CBI hunts for banking, tax experts from ministries to probe PNB scam, other frauds
'It may be noted that officers coming on deputation are entitled for special security allowance at 20 per cent on the pay,' CBI said.
IDBI Bank employees oppose proposed take over by LIC
This is a clear move to privatise it, bypassing the assurance given to Parliament.
Sriram takes charge as MD and CEO of IDBI Bank
Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of RBI.
IDBI Bank says 'no discussion' on Rs 13,000-cr capital infusion by LIC
Industry and government sources have said that LIC is looking to enter the banking space.
Govt confident LIC-IDBI deal will conclude by September
Insurance regulator Irdai is expected to clear the deal in its June 29 board meeting with some conditions.