Govt to push forward majority stake sale in IDBI following key RBI approval

New Delhi: Government will press ahead with the delayed sale of a majority stake in IDBI Bank after central bank clearance, opening bids for the lender before the end of the financial year, Reuters reported, citing a top finance ministry official said on Friday.

Govt invites bids to select asset valuer for IDBI Bank

New Delhi: The Centre has invited bids to choose an asset valuer for IDBI Bank acting on its plans to divest its stake in the lender.

CCI approves LIC MF arm's acquisition of IDBI MF

New Delhi/IBNS: The Competition Commission of India (CCI) has approved the proposed acquisition of the management rights over the schemes of IDBI MF from IDBI Asset Management Limited by the LIC Mutual Fund Asset Management Ltd.

IDBI stake sale: Deadline for bid submission likely to be extended

News Delhi: The last date for submitting bids for strategic disinvestment in IDBI Bank is likely to be extended to January, media reports said.

IDBI Bank’s Gold Loan Book crosses Rs 10,000 cr mark

IDBI Bank’s Gold Loan Book has crossed the Rs 10,000 crore landmark.

LIC CSL partners with IDBI Bank to launch co-branded RuPay Credit Cards

Mumbai/IBNS: LIC Cards Services Limited (LIC CSL) and IDBI Bank have partnered to launch two variants of co-branded RuPay Credit Cards - LIC CSL ‘Lumine’ Platinum Credit Card and LIC CSL ‘Eclat’ Select Credit Card powered by IDBI Bank.

Union Cabinet clears LIC-IDBI deal

New Delhi, Aug 1 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has approved conveying of no objection to reduction in Government of India shareholding in IDBI Bank Limited to below 50 percent by dilution. 

LIC board gives nod to acquisition of 51 pc stake of IDBI

Mumbai, July 16 (IBNS): The board of Life Insurance of India (LIC) on Monday approved the acquisition of  51 per cent stake in IDBI Bank, Economic Affairs Secretary Subhash Chandra Garg said.