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BANKING PARTNERSHIP WITH IDBI
GDP growth momentum intact, no need for additional borrowing so far: Govt sourcesIndia's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth m...- LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassuranceState-owned LIC (Life Insurance Corporation), the promoter of IDBI Bank, plans to retain a portion of its stake in the bank to continue ben...
- Govt okays IDBI Bank strategic divestmentThe Cabinet Committee on Economic Affairs, which met under the chairmanship of Prime Minister Narendra Modi, gave its in-principle go ahead...
- Bharti Axa, Kotak Life, Jhunjhunwala’s RARE in race for IDBI Federal LifeAgeas recently bought a 49 per cent stake in Royal Sundaram General Insurance.
- IDBI Bank’s plan to sell stake in Life JV may be dropped with LIC entryMax Life pulled out as the bank was unwilling to commit to an exclusive bancassurance partnership.
- LIC may pick up 30% more in IDBI BankLIC may acquire about 30% additional stake in IDBI Bank primarily through the issuance of fresh equity shares by the beleaguered bank.
- Birla Sun Life likely to pull out of race for IDBI Federal LifeIDBI Federal Life Insurance was valued at Rs 6,000 crore by both Max Financial Services and Birla Sun Life.
- Max, Exide Life shortlisted for IDBI Federal stake saleIDBI Bank owns 48% stake in the company and plans to sell its entire holding. Federal Bank and Ageas are the other shareholders in the insu...
- Manulife leads race to acquire IDBI Federal for up to $650 millionAfter financial investors put in close to $10 billion in India over the past 18 months, it’s now the turn of strategists from the North Ame...
- Max Life, Birla Sun Life, Tata AIA shortlisted for IDBI Federal stakeIDBI Federal has appointed JP Morgan to manage the stake sale.
- IDBI Bank’s insurance JV sale not that easyAccording to the deal structure, IDBI Bank will offer bancassurance partnership for 5 years.
- IDBI ready to become a back office for many other banks: Kishor Kharat, CEO & MDIDBI Bank will create a niche for itself as a development finance institution by increasing focus on its core competencies, says Kishor Kha...
- IDBI ready to become a back office for many other banks: Kishor Kharat, CEO and MD"I plan to create synergy that is missing between our subsidiaries — IDBI Capital, IDBI Trusteeship, IDBI MF and IDBI Federal Life Insuranc...
- IDBI Bank joins UNICEF for safe water, hygiene in 400 Maharashtra, UP schoolsUNICEF and IDBI Bank have entered into a partnership to provide safe drinking water and sanitation to 80,000 children in 400 schools
- Jammu and Kashmir Bank signs MoU with IDBI for MF distributionJammu and Kashmir Bank has signed a memorandum of understanding with IDBI bank for distribution of IDBI mutual fund schemes.
- Syndicate Bank ties up with IDBI MF to distribute mutual fund productsSyndicate Bank has tied up with IDBI MF to distribute their mutual fund products in a bid to expand the product offerings, the bank said he...
- Syndicate Bank, IDBI MF in distribution partnershipPublic sector lender Syndicate Bank has tied up with IDBI MF to distribute their mutual fund products in a bid to expand the product offeri...
- IDBI bank to launch India's first infrastructure fundState-run IDBI Bank will launch the country's first infrastructure debt fund (IDF) to raise $5 billion for building roads, ports and airpor...
- IDBI gives in to Federal plea to add it in 3-way life JV nameIDBI Federal is a three-way joint venture with IDBI Bank holding 48% stake, Federal Bank 26% and Belgian insurer Ageas holding the remainin...
- FIs working on new bankable model for infra financeMoves are afoot to find a solution to, what could arguably be, the biggest constraint to growth: a lack of bankable model for infrastructur...
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