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Mail Today Bureau
July 17, 2018
The next step for LIC is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity. Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase.


BusinessToday.In
New Delhi, July 16, 2018
Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.


BusinessToday.In
July 16, 2018
Last month, the insurance regulator approved LIC's proposal to increase its stake in troubled IDBI Bank from current 10.82 per cent to 51 per cent. Currently, the government holds 81 per cent stake in IDBI Bank.


BusinessToday.In
July 11, 2018
At 10:51 am, the stock was trading 6.58% or 3.50 points higher at 56.70 on BSE. On Tuesday, the stock rose 9.02 per cent to close at Rs 53.20 on BSE. Intra-day, it jumped 14.34 per cent to Rs 55.80 on Tuesday when reports about the open offer poured in. On NSE, shares of the company zoomed 9.32 per cent to end at Rs 53.35.


BusinessToday.In
July 9, 2018
Share sale and purchase of beaten down stocks such as that of IDBI Bank by the insurer is a part of long-term strategy to reap huge gains when the fortunes of public sector banks revive in the future, the report added.


BusinessToday.In
New Delhi, July 5, 2018
Life Insurance Corporation's talks to acquire the ailing IDBI Bank amounts to throwing good money after bad. The nation's largest insurer has decided to acquire a majority stake in the hugely loss-making IDBI Bank, possibly under government pressure. Watch this video where BusinessToday.in Editor Rajeev Dubey explains why LIC's decision to buy majority stake in IDBI Bank is not a wise choice.


Rajeev Dubey
New Delhi, July 17, 2018
IDBI Bank will be a burden on LIC. Out of its total outstanding loans of Rs 1.99 lakh crore, it has already recognised gross NPAs worth Rs 55,588 crore while it has also provisioned for bad loans worth Rs 26,902 crore.


Mukesh Adhikary
New Delhi, July 4, 2018
For middle class Indian families, LIC is more than just a savings scheme, it's a way of life.


BusinessToday.In
July 2, 2018
Last week, the Insurance Regulatory and Development Authority of India permitted LIC to acquire up to 51 per cent stake in IDBI Bank. If the deal goes through, the bank will get a much-needed capital support as it is grappling with mounting non-performing assets.


BusinessToday.In
New Delhi, June 30, 2018
He has been appointed to the position for a term of three months. He is to replace Mahesh Kumar Jain, who recently took charge as Deputy Governor of the Reserve Bank of India.


BusinessToday.In
New Delhi, June 29, 2018
LIC is expected to invest up to Rs 11,000-Rs 13,000 in several tranches in IDBI Bank. The state-owned insurance company will not get management rights on the board of IDBI Bank and must pare its stake in the bank to 15 percent over a period of five to seven years.


BusinessToday.In
New Delhi, June 28, 2018
B Sriram has resigned from the post of Managing Director at the State Bank of India (SBI), days after being appointed as the MD and CEO of the IDBI Bank for a period of three months.


Anand Adhikari
New Delhi, June 26, 2018
The IDBI bank has been running low on capital. The bank also has gross NPAs of 27 per cent. If one includes stressed loans, more than one-third of its book will be classified as stressed.


BusinessToday.In
June 25, 2018
LIC already owns over 10 per cent in the infra-lender turned commercial bank.


BusinessToday.In
June 23, 2018
On Friday, IDBI Bank's stock surged 6 per cent intra- day after it was reported that the government was planning to sell its 40-43 per cent stake to LIC.


BusinessToday.In
June 22, 2018
The report said the insurer had cleared the initiative to take a controlling stake in the bank.  Currently, the government holds 81% stake in IDBI Bank and LIC holds 10.8 % as on March 31, 2018 , according to stock exchange data.


Rajeev Dubey
New Delhi, August 14, 2018
Announced in the Budget 2018, the Ayushman Bharat National Health Protection Mission was touted as the 'world's largest government funded health care programme'.


Aseem Thapliyal
May 25, 2018
The BJP government announced a slew of schemes after it assumed power in 2014 winning 336 Lok Sabha seats out of 543 seats. Work under most of these schemes is still under progress an year ahead of General Election 2019.


PTI
May 24, 2018



PTI
New Delhi, May 20, 2018
Companies are offering 10-25 per cent increase in variable pay as incentive to retain and attract talents, especially in the IT, FMCG, e-commerce, BFSI and telecom sectors, according to experts.


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