Despite a decline in bad loans, provisions and contingencies increase to Rs 1,437.73 crore from Rs 1,334.83 crore in the same period a year ago...

Several global and domestic institutions have expressed interest in buying about 61 per cent of LIC's stake ...

At present, Centre and Life Insurance Corporation hold 94.72 per cent in the bank...

Move will take public shareholding in IDBI to 20.29% with a 5.29% stake currently held by retail investors and banks among others...

Govt exempts public sector entities from minimum public shareholding norm which mandates at least 25 per cent public float for all listed companies...

The government had invited bids from potential buyers in October...

Transaction advisers have received a few requests for an extension of the deadline...

The government and LIC together are looking to sell a 60.72 per cent stake in the bank...

Analysts say it will pave way for Alternative Investment Funds to bid for a controlling stake in the bank...

The government will not have any board seats or participate in the management...