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IDBI Stake Sale Latest News – RBI suggests IDBI Bank to come out of PCA framework before proposed stake sale : Reserve bank of India (RBI) has suggested the government and Life Insurance Corporation (LIC) of India that IDBI Bank should allow to come out of the prompt corrective action (PCA) framework before they go […]
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% from the current 10.82%. IRDA has given a special relaxation to LIC to enhance share […]
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 million on the Bank in exercise of the powers…for non compliance with the directions issued […]
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