Category: IDBI Bank

HomeIDBI Bank

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 Corporation of India (LIC) to raise its stake in IDBI Bank up to 51%...

Continue Reading  

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 bank vide its letter dated April 10, 2018, a monetary penalty of Rs 30...

Continue Reading