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LIC REGULATORY COMPLIANCE
LIC appoints Shatmanyu Shrivastava as new CFO, replacing Sunil AgrawalShatmanyu Shrivastava has been appointed as the new Chief Financial Officer of LIC. He replaces Sunil Agrawal, who resigned from the financ...- Govt does not direct LIC investments: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman clarified the government's non-interference in Life Insurance Corporation's investment choices. She aff...
- LIC denies receiving or issuing documents cited in Washington Post report alleging external influence on investment decisionsLife Insurance Corporation of India has denied allegations from The Washington Post. The insurer states it neither issued nor received docu...
- RBI penalises IDFC First Bank, LIC Housing FinanceThe Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violati...
- LIC Mutual Fund plans to absorb IDBI Mutual FundLife Insurance Corp of India (LIC), the promoter of LIC MF, took a controlling stake in IDBI Bank in 2019.
- What does LIC DRHP say about IDBI Bank?LIC infused Rs 4,743 crore into IDBI Bank using policyholders’ funds. IDBI Bank raised Rs 14,351.80 million on December 19, 2020 by way of ...
- RBI allows LIC to double its IndusInd Bank stake to 9.99%The Hinduja Group-owned IndusInd Bank in a regulatory filing on stock exchanges said it received an intimation in this regard from the cent...
- LIC Housing Finance approaches SAT to settle issue on preference shares with stock exchangesThe company has been asked to explain how it arrived at the decision to fix the issue price for the preference shares at Rs 514.25 apiece f...
- Bourses examining preferential share issue to parent: LIC Housing FinanceIn June this year, LIC Housing Finance had informed that LIC will infuse equity capital of about Rs 2,334.70 crore in the subsidiary by pic...
- Proposed LIC IPO to benefit insurance industry: FitchFitch said it expects that the initial public offering (IPO), once executed, may also encourage some of the other private sector insurance ...
- IDBI Bank gets govt nod for acquisition by LICThe acquisition of controlling stake by the LIC, it added, would be through preferential issue/open offer of equity.
- LIC board to decide timeline for IDBI Bank investment todayThe LIC board had proposed investing in IDBI Bank, which has been approved by Irda with certain terms and conditions.
- LIC to stop selling 34 life insurance policies in DecemberLIC will stop sale of Jeevan Amrit from December 7, Jeevan Surabhi from December 14 while two other schemes from December 21 and December 2...
- LIC to stop selling 14 life insurance policiesCountry's insurance giant Life Insurance Corporation has decided to stop selling as many as 14 policies, including Jeevan Mitra and Anmol J...
- Insurance regulator IRDA probing money laundering allegations against insurersThe four insurance companies which figure in the list are alleged to have violated the 'Know Your Customer' and 'Anti Money Laundering' Gui...
- LIC to pick up to 5% stake in Punjab & Sind BankAt the prevailing share price of PSB, LIC will have to pay about Rs 95 cr to the bank. Shares of the bank today closed at Rs 85.75 apiece, ...
- Govt may tighten regulatory norms to deal with scams: KhurshidThe government said it would look at the possibility of strengthening regulatory mechanism to prevent incidents like the housing finance ra...
- 'Accumulate' LIC Housing Finance; expect 19% upside: KotakThe brokerage has maintained its earnings estimate for the stock after the company clarified that all the loans have been approved in compl...
- IRDA imposes penalties on 10 insurance cos: PranabIRDA imposed penalties on 10 insurance cos, including LIC, in 2008-09 and 2009-10 for violation of regulations.
- IRDA asks LIC for plan to pare its holdings in cos to 10%IRDA, has asked Life Insurance Corporation (LIC) to chalk-out a plan to reduce its stake in those companies where it holds more than 10 per...
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