While the LIC Act leaves the authority for an investment decision in the hands of LIC, the IRDA Act prevents the insurer from owning more than 15%... ...https://www.moneycontrol.com/news/business/lic39s-idbi-bank-acquisition-will-it-be-irda-act-vs-lic-act-again_11050721.html
Last month, RBI brought IDBI Bank under its corrective action framework due to high NPAs. Company Summary NSE BSE idbi bank ADD TO PORTFOLIO ADD TO... ...https://economictimes.indiatimes.com/markets/stocks/news/lic-atm-for-govt-d-st-analysts-frown-at-lic-move-to-buy-idbi-bank/articleshow/64731878.cms
The government, the largest shareholder in IDBI Bank with 81% stake, may make around Rs 10,000-11,000 crore by selling up to 43%, sources say. LIC... ...https://www.ndtv.com/business/government-may-sell-idbi-bank-stake-to-life-insurance-corporation-sources-1872631
The government has held internal preliminary discussions over a possible infusion of fresh capital in debt-laden IDBI Bank by Life Insurance... ...https://economictimes.indiatimes.com/industry/banking/finance/government-weighs-roping-in-lic-to-capitalise-idbi-bank/articleshow/64726728.cms
Here is a list of top stocks that are likely to be in focus in today's trading session. Company Summary NSE BSE IFCI ADD TO PORTFOLIO ADD TO... ...https://economictimes.indiatimes.com/markets/stocks/news/idbi-bank-pnb-housing-and-alok-industries-among-stocks-to-track-today/articleshow/64727178.cms
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