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LIC-owned IDBI Bank is continuing to struggle with its load of bad loans

LIC-owned IDBI Bank is continuing to struggle with its load of bad loans

2 min read . 14 Aug 2019

LIC already holds about 4% stake in UCO Bank. (Photo: Mint)

UCO Bank approaches LIC for equity infusion

1 min read . 08 Aug 2019

Tata pips LIC to become India’s most valuable brand in 2019

1 min read . 17 Jul 2019

The petition had alleged that the LIC Jeevan Saral policy was arbitrarily designed and the proposals were not correct. (Mint)

SC dismisses PIL seeking scrapping of LIC Jeevan Saral Policy

1 min read . 15 Jul 2019

The country's largest life insurer LIC, which is the only state-owned life insurance firm, witnessed more than two-fold rise in its new premium collection. (Photo: Mint)

LIC new premium more than doubles in June

1 min read . 14 Jul 2019

The central bank cancelled the licences of 779 NBFCs in October and November

1,701 NBFC licences cancelled in FY19 as RBI cracks the whip

3 min read . 11 Jul 2019

LIC sold 1,92,49,974 shares through open market, the filing said without disclosing the sale value. (Mint )

LIC trims stake in Asian Paints by 2%

1 min read . 25 Jun 2019

LIC cuts 2% stake in Axis Bank

1 min read . 24 Jun 2019

Driving licences: Govt to remove educational qualification requirement

Driving licences: Govt to remove educational qualification requirement

2 min read . 18 Jun 2019

You don’t need a driving licence to buy a motor insurance policy

You don’t need a driving licence to buy a motor insurance policy

1 min read . 17 Jun 2019

Private insurers continue strong growth in May, smaller ones gain more

Private insurers continue strong growth in May, smaller ones gain more

1 min read . 13 Jun 2019

Net NPAs or bad loans, however, came down to 10.11% of the net loans at the end of March 2019. (Mint )

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

2 min read . 30 May 2019

LIC, IDBI’s new owner, has its own MF biz and regulators were not in favour of letting them run same biz under 2 different entities.

IDBI Bank plans to sell mutual fund business

1 min read . 30 May 2019

RBI says no to IDBI Bank name change proposal

RBI says no to IDBI Bank name change proposal

1 min read . 20 Mar 2019

For the third quarter ended December 2018, IDBI Bank reported widening of losses by nearly threefold to ₹4,185.48 crore. (Photo: Mint)

LIC may propose 3-5 year time for IDBI Bank stake cut

2 min read . 18 Mar 2019

M R Kumar takes charge as LIC's chairman

M R Kumar takes charge as LIC's chairman

1 min read . 14 Mar 2019

The LIC-IDBI Bank deal was completed in January 2019. (Mint)

RBI said to have pushed for IDBI Bank board’s independence before LIC deal

2 min read . 15 Mar 2019

Life insurers register 33% growth in new premium income at ₹18,209 cr in Feb

Life insurers register 33% growth in new premium income at ₹18,209 cr in Feb

1 min read . 14 Mar 2019

Kumar was Zonal Manager (in-charge) of North Zone and will hold the post of the LIC Chairman for five years

M R Kumar appointed LIC chairman

1 min read . 13 Mar 2019

LIC and IDBI Bank have set up a task force to implement synergies. (Mint)

IRDAI seeks proposal from LIC on stake reduction in IDBI Bank

1 min read . 11 Mar 2019