LIC
Cabinet nod for LIC to buy 51% stake in ailing IDBI Bank
02 Aug 2018
Rubbishing talk of a negative impact of the deal on the Life Insurance Corporation, acting finance minister Piyush Goyal said the deal will help LIC get 2,000 bank branches of the bank to market its policies across country
IRDAI permits LIC to raise stake in IDBI Bank to 51%
30 Jun 2018
Irdai, which met in Hyderabad on Friday, approved LIC’s proposed investment as a special case due to IDBI Bank’s precarious financial state
Govt may dip into its LIC kitty again to bail out IDBI Bank
26 Jun 2018
Against non-performing assets of about Rs55,000 crore and stressed assets of nearly 60,000 crore, IDBI Bank had fixed assets worth Rs6,771 crore as of end March 2018
Centre may completely exit Air India, ask LIC to pick up stake
05 Apr 2018
Selling its residual stake in Air India, soon to be privatised, to state-owned Life Insurance Corp would help allay potential investors’ concerns about possible government interference in the airline’s operations
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