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IDBI MF TAKEOVER
LIC Mutual Fund completes merger of IDBI Mutual Fund schemesWith the completion of the merger, out of 20 schemes of IDBI MF, 10 will be merged with similar schemes of LIC MF and the remaining 10 will...- LIC Mutual Fund completes takeover of IDBI MF schemesLIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June. After completion of the merger, out of 20 schemes of IDBI M...
- 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.
- LIC Housing or IDBI? Insurer has to exit one of its mortgage businessesLIC has said that the central bank's conditional approval for its stake purchase in IDBI Bank may lead to it having to stop mortgage busine...
- 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...
- BNP likely to decide on Fortis' India biz by Jan: ReportIf the deal goes through, BNP Paribas will have a combined deposit base of around Euro 600 bn and 75% stake in Fortis Belgium. Bank bailout...
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