IDBI Bank
IDBI Bank to sell stake in life insurance JV to Ageas
Indian private lender IDBI Bank has announced plans to sell its stake in the life insurance joint venture with Ageas Insurance International…
Indian government assessing investor interest in IDBI Bank
Indian government is holding roadshows to gauge investor interest as it seeks to privatise IDBI Bank, Minister of State for Finance…
IDBI Bank and LIC sketch out turnaround plan
IDBI Bank, in association with its majority stakeholder LIC, is working on a turnaround plan to boost profitability. Among the…
LIC wraps up 51% stake acquisition in IDBI Bank
Life Insurance Corporation of India (LIC), a state-owned insurance group, has concluded the purchase of a 51% stake in IDBI…
Indian cabinet approves LIC’s IDBI Bank acquisition plan
India’s Union Cabinet has approved state-run insurer Life Insurance Corporation of India (LIC)’s planned takeover of IDBI Bank, a debt-ridden…
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LIC board approves IDBI acquisition
The board of state-owned insurance group Life Insurance Corporation of India (LIC) has approved the acquisition of IDBI Bank, another…
India’s IDBI Bank reports $119m fraud
India’s state-owned lender IDBI Bank has disclosed that its five branches in the southern states of Andhra Pradesh and Telangana…
India’s IDBI Bank rolls out new credit card
IDBI Bank, a public sector lender in India, has rolled out its new credit card in collaboration with National Payments…