IDBI Bank is divesting its entire stake in Ageas Federal Life Insurance Company Ltd (AFLI) to Ageas Insurance International NV (Ageas) for Rs 580.20 crore. The lender said in a regulatory filing to th...

Britannia Industries on Monday reported an increase of 4.96 per cent in consolidated net profit at Rs 377.95 crore for the fourth quarter ended March 2022, led by an increase in topline and volume gro...

Private lender IDBI Bank has proposed a nearly 10-fold hike in the salary of its managing director and CEO Rakesh Sharma, who had been instrumental in bringing the bank out of the RBI’s restrict...

IDBI Bank on Wednesday said it has relocated one of its branches in Calcutta and has started a retail assets operation unit at Hindustan Building, which houses the zonal office of LIC — indicati...

Bancassurance is an arrangement between a bank and an insurance company wherein the latter uses the lenders’ network to sell its products. Kumar said it was too early to say the stake LIC wants...

The government plans to come out with an expression of interest by March-end for the strategic sale of IDBI Bank and hopes to complete the exercise before the end of next fiscal, a senior government o...

Most of the merchant bankers who had submitted bids to facilitate the strategic sale of LIC-controlled IDBI Bank has indicated a time-frame of one year to complete the elaborate process, sources said....

As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank.  These firms would make a virtual presentation before the dep...

The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval to the initial public offer of Life Insurance Corporation, with the listing of the shares expected by the end of th...

IDBI Bank has secured a $239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group, among one of the largest debt jud...