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...
Tag : LIC
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...
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...
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...