Lic-idbi

IDBI Mutual Fund signs agreement to transfer schemes to LIC MF

Merger likely to make LIC MF the 22nd largest fund house by AUM

LIC, Centre to sell 60.7% stake in IDBI Bank; DIPAM invites EoIs

DIPAM invites EoIs; last date to submit bids is Dec 16

IDBI Bank re-appoints S Jebaraj as deputy MD for 3 years effective Sept 20

Jebaraj handles verticals for large and mid-sized corporates, trade finance and NPA management and he has been a member of internal committees for more than a decade, said IDBI Bank

LIC MF aims to increase assets under management to Rs 30,000 cr this fiscal

LIC Mutual Fund expects to make gains from IDBI Mutual Fund merger and new fund launches which will help in increasing its assets under management to Rs 30,000 crore by March.

LIC wants to remain IDBI Bank shareholder for bancassurance gain: Chairman

Bancassurance is an arrangement between a bank and an insurance company allowing the latter to sell its products to the bank's customers and others through the branch network

IDBI assets manager to merge with LIC MF, clear path to latter's mega IPO

Following the merger, IDBI AMC, which currently has assets under management (AUM) of Rs 4,344 will cease to exist.

HC reserves verdict on plea challenging LIC's move to buy 51% stake in IDBI

LIC said it had in the past made several attempts to have a bank of its own, but its endeavours had failed

LIC may seek Sebi exemption for open offer to IDBI Bank shareholders

As per the Sebi's takeover code, an acquisition of more than 25 per cent in a listed entity is termed as control and requires an open offer

Trying to have bank operations since 2000: LIC tells Delhi HC on IDBI deal

The All India IDBI Officers Association has also sought withdrawal of the approval given by the Insurance Regulatory and Development Authority of India (IRDAI) to the transaction

LIC Board to meet on Sep 4 to decide on raising stake to 51% in IDBI Bank

The first round of stake sale will help the debt-ridden lender to meet an immediate capital requirement

LIC's acquisition of 51% in IDBI Bank a 'win-win' situation for both: Goyal

The government will not get cash through the deal and capital will be infused by LIC into IDBI Bank through preferential allotment of equity

LIC views IDBI acquisition as a sound business deal, says Piyush Goyal

The deal will likely trigger an open offer, which LIC will make to IDBI Bank's shareholders

LIC board to meet on Monday to finalise acquisition of stake in IDBI Bank

The due diligence process by LIC is complete as per the directions of Insurance Regulatory and Development Authority of India