Instead of engaging in a futile blame game, the union finance ministry has to address the deep rooted malaise afflicting the financial sector
LIC asked its policyholders to not believe any rumours circulating on social media about the insurer's financial position
LIC has done well to see off competition from private life insurers, whose market share in the five months came down to 26.94 percent, from 30.28 percent a year earlier.
The government’s decision to infuse Rs 4,557 crore into IDBI Bank is a one-off exercise to help the bank recover from its NPA ills.
The government will provide Rs 4,557 crore as one-time recapitalisation to IDBI Bank.
A high-level committee, which submitted its recommendations on August 13 to the government, suggested extending CSR obligation to banks registered under the Banking Regulation Act, 1949
For the rest of the private sector players, the cumulative premium in April-July rose 27 percent to Rs 22,039.81 crore.
The bank has received binding bids for stake sale in its mutual funds subsidiary while the process is on for monetising investment in IDBI Federal Life Insurance.
The state-owned company is looking to raise Rs 4,500- 5,000 crore in the current fiscal.
LIC, which is the largest financial institution in India could easily become country’s top listed company if its shares get listed.
In its report that runs into over 70,000 pages, the investigating agency has charged officials of 13 banks of being hand-in-glove with the Bhushan Steel promoters
Standalone health insurers posted 41.6% growth in Q1, growing faster than the industry.
As per the plea, the proposal form of the scheme did not have any provision to mention the lower maturity sum assured and rather it it had a provision only for the higher death benefit.
The insurance behemoth has been on a selling spree in the banking sector.
According to IRDAI, on the basis of total premium income, the market share of LIC decreased from 71.81 percent in 2016-17 to 69.36 percent in 2017-18.
Once it is out of PCA, IDBI Bank aims to raise Rs 6500 capital including Rs 2500-3000 crore of Tier-2 bonds this financial year.
The NCLT's Mumbai bench comprising V P Singh and Ravikumar Duraisamy said the regulator should conclude its examination on the matter before the next date of hearing, on July 8.
NCDEX, which is the market leader in agri-commodity trading has initiated preliminary discussions with merchant bankers to raise funds via an initial public offer, sources said.
Total income rose to Rs 4,655 crore during the fourth quarter, from Rs 3,887 crore in the same period of the previous fiscal, LIC Housing Finance said in a filing to the BSE.
Singh also alleged that lakhs of agents of the LIC have stopped working in the last five years due to the policies of the Narendra Modi government.
Life Insurance Corporation (LIC) executive board comprises of one chairman and four managing directors (MDs).
The country's largest insurer, LIC, that has a series of failed attempts to set up a bank associated with its name now owns a majority stake in IDBI Bank. Here's how it plans to revamp the bank and maximise shareholder wealth.
Insurance Regulatory and Development Authority of India (IRDAI) stipulates that insurers are allowed to hold only up to 15 per cent stake in any listed entity. But LIC, with a special dispensation from IRDAI, holds more than the limit in some state-run banks.