LIC increases stake in Bank of Maharashtra from 4.05% to 7.1% via QIPLife Insurance Corporation of India (LIC) has increased its stake in Bank of Maharashtra, the company informed the exchange in a filing.
06 Oct, 2024, 09.37 AM IST
HDFC Bank shares rally 2% as LIC ready to play white knightHDFC Bank stock is trading at decadal-low valuations of about 2.1 times to book value. Not just LIC, but other long-term investors are find...
02 Feb, 2024, 11.29 AM IST
Kotak Bank has small exposure to Adani; issues afflicting group more valuations-orientedThe RBI has launched a special examination of the banking system's exposures to Adani Group entities, and Governor Shaktikanta Das has said...
09 Mar, 2023, 04.07 PM IST
IPO-bound LIC may not sell entire stake in IDBI Bank, says chairmanLIC is planning to sell a 5% stake to raise about $8 billion next month, which could make it India's largest IPO by far.
21 Feb, 2022, 05.03 PM IST
LIC's asset base surged to Rs 38 lakh crore in FY20New business (first-year premium) contributed to the 3.5 per cent growth with a collection of Rs 1.8 lakh crore premium from 2.1 crore new ...
01 Sep, 2021, 11.57 AM IST
LIC’s asset base goes past Rs 38 lakh crore in fiscal 2021LIC shared its balance sheet numbers ahead of its foundation day on September 1, which marks its 66th anniversary. The balance sheet number...
01 Sep, 2021, 07.31 AM IST
RBI not in favour of changing IDBI Bank's nameThe board of IDBI Bank last month proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank.
17 Mar, 2019, 03.29 PM IST
IDBI Bank invites application for two deputy MDsCurrently, there are two DMDs at the bank - KP Nair and GM Yadwadkar who are due for retirement soon.
04 Mar, 2019, 08.30 PM IST
IDBI may now become LIC IDBI Bank or LIC BankThe board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.
04 Feb, 2019, 08.47 PM IST
S&P removes ratings of IDBI Bank from CreditWatchIDBI Bank has announced that it received Rs 14,500 crore in fresh capital from LIC on December 28.
07 Jan, 2019, 02.24 PM IST
Competition Commission approves LIC's majority stake buy in IDBI BankThe deal would help the insurance behemoth to enter the banking space and would provide business synergies despite the IDBI Bank's stressed...
27 Nov, 2018, 08.29 PM IST
IDBI board to consider allotment of 51% shares to LIC on Oct 4State-owned IDBI Bank's board will meet next week to consider preferential allotment of up to 51 per cent shares to LIC.
28 Sep, 2018, 08.14 PM IST
LIC board approves IDBI Bank buyoutOpen offer for IDBI Bank's shares may not be required, says Economic Affairs Secretary
16 Jul, 2018, 06.45 PM IST
IDBI Bank comes off 7% as officers plan stirThe stock fell 7.19 per cent to hit a low of Rs 52.25 on the BSE early on Friday.
13 Jul, 2018, 10.37 AM IST
IDBI Bank says 'no discussion' on Rs 13,000 crore capital infusion by LICIDBI Bank is saddled with huge amounts of bad loans and the government is looking to revive the lender.
29 Jun, 2018, 04.37 PM IST
This LIC favourite stock delivered over 350% return in 3 years; still a good betLIC is a leading financial institution of the country with assets under management of Rs 15 lakh crore, as per the information available on...
10 Apr, 2017, 12.54 PM IST
Moody's withdraws 'Baa3' rating on Life Insurance CorporationGlobal rating agency Moody's Investors Service said it has withdrawn the 'Baa3' insurance financial strength rating of the LIC.
13 Oct, 2014, 08.09 PM IST