Latest News on Lic
Showing of 0 - 10 from 234 results
Lic - Total results - 234
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Nov 15, 2018
With 32% NPAs on its books, IDBI Bank is now the bad loan King in India: Ring a bell, dear LIC policyholder?
IDBI Bank is the target bank Life Insurance Corportation (LIC) is in the process of acquiring using policyholders’ hard-earned money. -
Oct 25, 2018
After IDBI, it's now IL&FS: Who will bailout LIC from embracing risky businesses it doesn’t understand?
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Oct 23, 2018
IL&FS revival plan: New board could include stake sale says govt official, rules out budgetary support
The revival plan could include selling big stakes in its businesses, including IL&FS Financial Services and IL&FS Energy Development, or even “closing” them, the official said. -
Oct 12, 2018
Yes Bank hires US-based headhunter Korn Ferry to assist search panel for new CEO; Rana Kapoor's term to end in January 2019
Kapoor, the founder and promoter of the bank, has been asked by the Reserve Bank of India (RBI) to step down after January 2019. -
Oct 11, 2018
LIC's open offer to purchase shares from minority shareholders of IDBI Bank to begin from 3 December
The open offer, at Rs 61.73 per equity share, will close on 14 December. -
Oct 06, 2018
Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economy
Saving IL&FS was critical as nearly two-thirds of the firm’s accumulated debt of 910 billion rupees ($12.36 billion) was from public sector banks. -
Oct 04, 2018
IDBI Bank board approves issuance of preferential shares to LIC to hike insurer's stake up to 51%
The government has already approved the proposal of LIC to increase the stake in IDBI Bank. -
Oct 04, 2018
IDBI Bank gets SEBI nod for preference share allotment to LIC; Bank board to meet today to approve share issue
The shareholding of LIC in IDBI Bank will increase to up to 51 percent after the preference share issue. -
Oct 03, 2018
IL&FS crisis: How did the auditors, rating agencies remain silent spectators even as the ship was sinking
It is the auditor whose role always comes into question when a scam or mismanagement unfolds like it has happened with IL&FS -
Oct 03, 2018
SFIO probe ordered into IL&FS: Risk committee met only once in last four years; governance loopholes observed
There are several indicators which highlight the operational mismanagement and corporate governance loopholes in IL&FS
