Latest News on Life Insurance Corporation
Showing of 0 - 10 from 38 results
Life Insurance Corporation - Total results - 38
Mar 20, 2019
RBI says no to IDBI Bank's proposal to change its name following the transfer of controlling 51% stake to LICThe Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of controlling 51 percent stake to insurance behemoth LIC from the government of India
Mar 14, 2019
RBI categorises IDBI Bank as private sector lender following LIC's acquisition of majority stakeArray
Feb 05, 2019
IDBI Bank name proposed to be LIC IDBI Bank or LIC Bank after insurance behemoth takeoverThe board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.
Jan 26, 2019
Max Life Insurance overtakes LIC in terms of claims settlement in FY 2017-18, shows IRDAI dataMax Life Insurance has introduced many checks and balances to strengthen the customer application and underwriting process
Jan 21, 2019
LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channelIDBI Bank Monday said insurance behemoth LIC has completed the acquisition of 51 percent controlling stake in the bank
Jan 02, 2019
Govt appoints Hemant Bhargava as interim chairman of LIC; initiates process to select regular chairmanBhargava was appointed as the managing director (MD) of LIC in February 2017, the insurer said in a statement.
Oct 06, 2018
Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economySaving 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.
Sep 25, 2018
Debt-ridden IL&FS will not be allowed to collapse, all options open: LIC Chairman VK SharmaIL&FS Financial Services, a group company of IL&FS defaulted on one of its commercial paper (CP) issuances due for repayment on Monday
Sep 20, 2018
Cash-strapped hospitality chain Hotel Leelaventure defaults on payment of quarterly interest to LICHotel Leelaventure said its operating cash flows are not sufficient to service its term loans and NCDs
Aug 28, 2018
LIC to buy 14.9% stake in IDBI Bank; move would eventually lead to acquisition of majority stake in state-owned lenderIn August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.