COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.

Jun 01, 2020, 09:54 AM IST

Life Insurance Corporation of India launches modified PMVVY for senior citizens: Check benefits, other details of this LIC policy

The scheme promises an assured rate of return of 7.40% p.a. payable monthly.

May 29, 2020, 13:11 PM IST

Aadhaar card can get you Rs 3.97 lakh from this LIC policy, check Aadhaar Stambh Plan-843's features

The Life Insurance Corporation of India (LIC) has various small savings schemes where subscribers get great benefits and returns at a low premium. Apart from being a premium small savings scheme, Aadhaar Stambh (Plan-843) also gives investors good after death benefits too.

Apr 10, 2020, 13:27 PM IST

Life Insurance Corporation IPO will benefit retail investors, says Nirmala Sitharaman

The LIC listing is aimed at bringing much-needed revenues to the government which is facing a shortfall due to poor tax collections

Feb 07, 2020, 17:23 PM IST

LIC staff union to hold a walk-out strike to protest against IPO

Finance Minister Nirmala Sitharaman announced that the government, which holds a 100 percent stake in LIC, will sell a part of its holding through an initial public offering (IPO)

Feb 04, 2020, 12:59 PM IST

DNA: Non Stop News, 6th November 2019

This segment of DNA brings to you important stories of the day. Watch this video for more info.

Nov 06, 2019, 22:26 PM IST

IDBI Bank's board approves preferential issue of Rs 4,557 crore to government, Rs 4,743 crore to LIC

After this infusion, IDBI Bank expects to be able to subsequently raise further capital on its own and expects to come out of RBI`s Prompt Corrective Action (PCA) framework sometime next year.

Sep 19, 2019, 11:34 AM IST

IDBI Bank to get Rs 9,300 crore capital infusion from government, LIC

Of the total Rs 9,300 crore, LIC would give Rs 4,743 crore while the remaining Rs 4,557 crore has been proposed from government.

Sep 04, 2019, 12:35 PM IST

IDBI to receive Rs 9,300 cr capital to meet CAR

IDBI Bank shareholders -- the government and the Life Insurance Corporation (LIC) of India -- will infuse Rs 9,300 crore in the bank.

Sep 03, 2019, 18:21 PM IST

LIC's new business premium grows 5.68% to Rs 1.42 lakh-cr in FY19

The total assets held by the corporation, which commands over 70 percent of the life insurance industry despite the advent of private companies, stood at Rs 31,11,847 crore as against Rs 28,45,041 crore in the previous year, signifying a growth of 9.38 percent.

Jun 28, 2019, 10:52 AM IST

LIC cuts 2% stake in Axis Bank

LIC sold 5,25,06,202 shares through open market, the filing said without disclosing the sale value.

Jun 25, 2019, 10:08 AM IST

Farmers to contribute Rs 100 per month under PM-Kisan Pension for fixed monthly pension of Rs 3,000

Under this scheme a minimum fixed pension of Rs 3000 per month will be provided to the eligible small and marginal farmers subject to certain exclusion causes on attaining the age of 60 years.

Jun 14, 2019, 11:02 AM IST

IDBI Bank cuts MCLR by 5-10 bps across various tenors

The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.

Jun 12, 2019, 15:21 PM IST

IDBI Bank narrows Q4 net loss to Rs 4,918 cr on lower bad loan provisions

The bank had reported a net loss of Rs 5,663 crore in the same period last year.

May 31, 2019, 11:02 AM IST

RBI categorises IDBI Bank as private sector lender

In January, LIC completed the process of picking up a controlling 51 per cent stake in the nearly crippled IDBI Bank.

Mar 15, 2019, 12:43 PM IST

LIC completes acquisition of 51% stake in IDBI Bank

IDBI Bank said its retail loan portfolio is expected to reach 50 percent by fiscal 2019-20.

Jan 21, 2019, 13:23 PM IST

LIC makes open offer to acquire 26% stake in IDBI Bank

The open offer has been made at a price of Rs 61.73 a share, which is in connection with LIC's acquisition of 51 percent controlling stake in IDBI Bank.

Dec 19, 2018, 11:20 AM IST

Competition Commission approves LIC's majority stake buy in IDBI Bank

The deal would help the insurance behemoth to enter the banking space and would provide business synergies despite the IDBI Bank's stressed balance sheet.

Nov 28, 2018, 10:56 AM IST

IDBI board approves issuance of preferential shares to LIC

The government has already approved the proposal of LIC to increase the stake in IDBI Bank.

Oct 04, 2018, 17:43 PM IST

India's shadow banking sector likely to face shake-up after IL&FS default

The NBFC loan books have grown at nearly twice the pace of banks, and the cream of them, including IL&FS, had received top credit ratings.

Sep 28, 2018, 15:03 PM IST