Start of An Era, LIC Enters Banking Business with 51% Stake in IDBI Bank

LIC is now the owner of IDBI Bank, as the Insurance Regulatory and Development Authority of India (IRDA) on Friday approved a proposal by Life Insurance ...

RBI Slaps Rs 3 Crore Fine on IDBI Bank

RBI has imposed a penalty of Rs 3 crore on IDBI bank for non-compliance to the Income Recognition and Asset Classification (IRAC) norms. RBI has informed the ...

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