IndiaCatalog.com
Login Signup
IndiaCatalog.com
Home Web Directory Classifieds Yellow Pages Global Directory City Guide News Photo Galleries
Login
Signup
  • Home
  • News
  • LIC Housing Finance Ltd Related news

LIC Housing Finance Ltd Related news

How about LIC Bank? With insurer as new owner IDBI Bank wants name change

How about LIC Bank? With insurer as new owner IDBI Bank wants name change

With the Life Insurance Corporation of India (LIC) picking up 51 per cent stake in IDBI Bank, the lender's board wants to change its name to LIC IDBI Bank or LIC Bank.

The bank informed BSE that the board, at its meeting held on February 4, has approved a proposal for change of name of IDBI Bank.

IRDAI asks insurers to provide for IL&FS exposure, wants mis-selling curbed

IRDAI asks insurers to provide for IL&FS exposure, wants mis-selling curbed

Insurance Regulatory and Development Authority (IRDAI) has asked the insurance companies to make provision for their exposure to the beleaguered IL&FS group.

They have to make provisions for it as those exposures cannot be written off, IRDAI chairman Shubash Chandra Khuntia said on the sidelines of the release of the handbook on general insurance claim insights for policyholders by the Insurance brokers association.

LIC closes deal to turn a banker

LIC closes deal to turn a banker

The Life Insurance Corporation (LIC) on Monday became the owner of a bank when it completed the acquisition of a 51 per cent controlling stake in IDBI Bank. The insurer will have five nominees on the bank’s board, while the government will have two.

IDBI Bank is now a subsidiary of LIC after allotting 82,75,90,885 equity shares to the insurer at a price of Rs 60.73 per share, aggregating Rs 5,025.96 crore in the final tranche of the preferential issue.

LIC completes the acquisition of 51% controlling stake in IDBI Bank

LIC completes the acquisition of 51% controlling stake in IDBI Bank

IDBI Bank Monday said insurance behemoth LIC has completed acquisition of 51 per cent controlling stake in the bank, making it the lender's majority shareholder.

"The deal, conceptualised in June 2018, is envisaged as a win-win situation for both IDBI Bank and LIC with an opportunity to create enormous value for shareholders, customers & employees of both entities through mutual synergies," IDBI Bank said in a BSE filing.

LIC move to acquire 51% stake in IDBI hits SC hurdle, court to hear appeal against deal

LIC move to acquire 51% stake in IDBI hits SC hurdle, court to hear appeal against deal

The Supreme Court on Friday said it will hear next week an appeal challenging the LIC’s move to acquire 51% in the Industrial Development Bank of India (IDBI). The total value of the deal is expected to be Rs 12,000-13,000 crore.

A bench led by Chief Justice Ranjan Gogoi agreed to hear the case on January 25 after senior counsel Kapil Sibal, appearing for All India IDBI Officers’ Association, sought urgent hearing.

S&P removes IDBI Bank ratings from CreditWatch post LIC's capital infusion

S&P removes IDBI Bank ratings from CreditWatch post LIC's capital infusion

Global Rating agency Standard and Poor's ( S&P) on Monday said the strain on IDBI Bank to meet regulatory capital requirement has eased after Life Insurance Corporation of India infused Rs 14,500 crore as fresh capital in ailing Indian banking entity.

"We are affirming our 'BB/B' foreign currency issuer credit ratings on the bank, and the 'BB' long-term issue rating on the notes issued by the bank's Dubai branch.

Hemant Bhargava appointed LIC interim chairman

Hemant Bhargava appointed LIC interim chairman

Life Insurance Corporation of India (LIC) on Tuesday gave Hemant Bhargava additional charge as chairman. The announcement to appoint Bhargava, who is currently a managing director, comes after the retirement of VK Sharma on December 31.

VK Sharma was acting as LIC chairman on September 2016 and on December 2016, he took over as chairman after SK Roy resigned, nearly two years ahead of his retirement. Bhargava had taken charge as MD in February, 2017.

LIC sees a sharp fall in NPAs from Rs 70.40 bn in Mar to 15.80 bn in Oct

LIC sees a sharp fall in NPAs from Rs 70.40 bn in Mar to 15.80 bn in Oct

State owned life insurer, Life Insurance Corporation, has seen a sharp fall in its net non-performing assets from Rs 70.40 billion in March 2018 to Rs 15.80 billion as of October 31, 2018, according to the figures provided by the finance ministry in reply to a question asked by members of parliament in the Lok Sabha.

“With regard to whether there is risk in LIC’s NPAs and clearing of the NPAs, it may be noted that as per LIC’s inputs, the rising trend in LIC’s gross NPAs over the last three financial years has been reversed in the current financial year”,

HC rejects IDBI officers' plea against LIC move to acquire stake in bank

HC rejects IDBI officers' plea against LIC move to acquire stake in bank

The Delhi High Court on Monday dismissed a plea challenging the LIC move to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI).

Justice Vibhu Bakhru rejected the petition by the All India IDBI Officers Association, which had opposed the move of Life Insurance Corporation (LIC) on the ground that change in shareholding could take away the public sector bank status of IDBI.

LIC s gross NPAs rise to 6.23% in FY18, cover for bad loans improves

LIC s gross NPAs rise to 6.23% in FY18, cover for bad loans improves

State-owned insurance behemoth Life Insurance Corporation of India (LIC) posted a jump in gross non-performing assets (NPAs) at 6.23 per cent in FY18 over 4.73 per cent in the previous financial year. However, it made higher provisions for bad loans, leading to a marginal decline its net NPAs from 1.96 per cent in financial year 2016-17 (FY17) to 1.82 per cent in FY18.

  • Previous
  • 1
  • 2
  • 3
  • 4
  • 5
  • Next

Post a FREE Classified Advertisement

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.

Most Read News

IndiaCatalog News
HAL hits new high on strong Q4 results; stock soars 18% in a week
IndiaCatalog News
Lupin slips 9%, hits 2-year low on disappointing March quarter results
IndiaCatalog News
Short-term benefit of extra booster dose of mRNA vax in health workers: WHO
IndiaCatalog News
Arvind Kejriwal govt inducts two robots in Delhi's firefighting fleet
IndiaCatalog News
Bharti Airtel trades weak despite strong Q4; down 5% from intra-day high

CORPORATE NEWS

TVS Motor Company
TVS Motor Company
Axis Bank
Axis Bank
Kotak Mahindra Group
Kotak Mahindra Group
Hindustan Petroleum Corporation Ltd.(HPCL)
Hindustan Petroleum Corporation Ltd.(HPCL)
Bank Of Baroda
Bank Of Baroda
Wipro Technologies (Wipro Ltd)
Wipro Technologies (Wipro Ltd)
Ford India Limited
Ford India Limited
Amazon India
Amazon India

PHOTO GALLERY

ICC Women's World Cup India 2013
ICC Women's World Cup India 2013
Ashok Leyland Stile
Ashok Leyland Stile
Prakash Raj
Prakash Raj
Top 10 Hindi movies 2016
Top 10 Hindi movies 2016
Ananya Panday
Ananya Panday
Kapoor & Sons
Kapoor & Sons
Kriti Sanon
Kriti Sanon
Teenmaar
Teenmaar
IndiaCatalog.com

IndiaCatalog.com is a website brought to you by Portland Technologies to provide directory of Indian websites, News, City Guides and profiles of Indian Businesses. Portland Technologies also provides IT solutions for Small and Medium Businesses in India.


Products

India Web Directory

Global Web Directory

Yellow Pages

Photo Galleries

FREE India Classifieds


Useful links

About us

Advertise

Link to us

Submit a Site

Business Reviews


Contact

Plot #37, Ramnagar Gundu, Hyderabad - 500 044

service@indiacatalog.com

+91-40-23756949


© Copyright: IndiaCatalog.com