IDBI-LIC

As deadline ends, Centre gets multiple bids for majority stake in IDBI bank

The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender

Updated On: 07 Jan 2023 | 6:22 PM IST

More capital support to IDBI Bank may have adverse impact on LIC: DRHP

LIC had infused Rs 4,743 crore into IDBI Bank on October 23, 2019 using policyholders' funds while the bank further raised Rs 1,435.1 crore in Dec. 2020 by way of a qualified institutional placement

Updated On: 15 Feb 2022 | 5:46 PM IST

IDBI bank employees protest stake sale to LIC, threaten to go on strike

All India IDBI Officers' Association had opposed the up to 51 per cent sale of the bank's equity to LIC saying the move tantamounts to privatisation of the bank

Updated On: 12 Jul 2018 | 8:44 PM IST