Latest News on Lic
Showing of 0 - 10 from 196 results
Lic - Total results - 196
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Jul 18, 2018
IDBI Bank board seeks government approval for majority stake sale of 51% to LIC
IDBI, which has the worst asset quality among all the banks with a 28 percent bad loan pile, said it has received a letter from LIC on Monday expressing interest to increase its holding to 51 percent through preferential allotment of shares or an open offer or a combination of both. -
Jul 17, 2018
IDBI Bank board seeks government's nod on LIC's proposal to acquire up to 51% stake in debt-ridden lender
Once the deal goes through, IDBI Bank will get much-needed capital support to revive its fortune -
Jul 17, 2018
LIC-IDBI Bank deal: Five questions the state-run insurer should answer while betting big on a zombie bank
LIC is taking off some burden from the government that is saddled with capital-hungry zombie banks. But, what does the deal really mean for LIC? -
Jul 16, 2018
LIC board gives nod to acquisition of up to 5% stake in IDBI Bank; lender will get capital support of around Rs 13,000 cr
Now the state-owned Life Insurance Corporation of India (LIC) will approach markets regulator Sebi. -
Jul 16, 2018
LIC board to meet today to finalise acquisition of stake in IDBI Bank, say sources
LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet. -
Jul 11, 2018
LIC to make open offer to minority shareholders of IDBI Bank, say sources
LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender’s stressed balance sheet. -
Jul 10, 2018
LIC-IDBI Bank deal: Ownership change of debt-ridden lender unlikely to affect ratings, says ICRA
The acquisition of stake in IDBI Bank is likely to be done under the policyholders accounts of LIC and hence even a 51 percent stake in the bank will not make IDBI bank a subsidiary of LIC, says ICRA -
Jul 10, 2018
LIC-IDBI Bank deal: Insurer to make open offer to minority shareholders of debt-ridden lender
LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet -
Jul 10, 2018
LIC unions oppose 51% acquisition of IDBI Bank by insurer; say 'forced' to participate in bank recap program
As per reports, LIC has been made to invest Rs 1,850 crore in PSBs in 2014-15 and 2,539 crores in 2015-16, the federation said in a letter to the LIC Chairman. -
Jul 03, 2018
IDBI Bank employees oppose 51 percent acquisition by LIC, say move will eventually lead to privatisation of lender
IDBI Bank officers have opposed the proposed 51 percent acquisition of the bank's stake by LIC, saying this is a clear move to privatise it, bypassing the assurance given to Parliament.
