 "News digest: LIC-IDBI Bank deal, anti-graft Bills, Bombay House, and more")
RBI gives in-principle nod to LIC for acquiring majority stake in IDBI Bank
The Reserve Bank of India (RBI) has given an in-principle nod to Life Insurance Corporation (LIC) for acquiring a majority stake in IDBI Bank, sources said.
The government-owned insurance behemoth had sought the banking regulator’s nod before it had approached the Insurance Regulatory and Development Authority (IRDAI) for seeking regulatory approvals, a senior government official said. Read more here
Infosys loses 44% of its investment in Panaya, may see further erosion
Infosys, the country’s second-largest IT services company, on Thursday said
The Reserve Bank of India (RBI) has given an in-principle nod to Life Insurance Corporation (LIC) for acquiring a majority stake in IDBI Bank, sources said.
The government-owned insurance behemoth had sought the banking regulator’s nod before it had approached the Insurance Regulatory and Development Authority (IRDAI) for seeking regulatory approvals, a senior government official said. Read more here
Infosys loses 44% of its investment in Panaya, may see further erosion
Infosys, the country’s second-largest IT services company, on Thursday said
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