Lic Idbi Deal

LIC-IDBI deal: Insurance behemoth's board decides modalities, timeline for stake hike in state-owned bank

In August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.

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.

LIC to bailout IDBI Bank? The insurer will have to feed a white elephant with an insatiable hunger for money

LIC doesn’t have the technical expertise or experience to promote a bank; owning a bank is not a part of the insurer's original mandate