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No timeline for LIC to cut IDBI Bank stake: Irda

DNMUM418007 | 7/12/2018 | Author : Anurag Shah | WC :613


Nilesh Sathe, member (life), Insurance Regulatory Development Authority of India (Irda), in an interview with Anurag Shah of Zee Business said that Life Insurance Corporation’s (LIC) plan to increase stake in IDBI Bank should be treated as investment instead of an acquisition plan by the insurer. He said no timeline has been given to reduce LIC’s share in IDBI Bank but its Board will be responsible for it.
Irda has allowed LIC to buy majority stake in IDBI Bank. Should we consider the permission as the acquisition of the bank or an investment?
This is a type of investment. It must not be considered as a form of acquisition of IDBI. Investment rules say that you need permission from Irda to invest more than 15% stake
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Poll outcome, geopolitical concerns weigh on rupee
DNMUM427784 | 12/10/2018 12:00:00 AM | Author : Narayan SA | WC :438

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Don’t invest all your money at once
DNMUM427785 | 12/10/2018 12:00:00 AM | Author : Team DNA | WC :217

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Inflation and taxes are money’s enemies
DNMUM427786 | 12/10/2018 12:00:00 AM | Author : Deepali Sen | WC :454

The money we have or use is only relevant as long it is self-sufficient. For it not to erode it’s effective purchasing power over time, it needs to be invested sensibly. Money has two allies and two unavoidable enemies. The friends are compounding of
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Rev it up
DNMUM427794 | 12/10/2018 12:00:00 AM | Author : Team DNA | WC :64

The second day of the 13th edition of the DNA Zee Business Auto Fest at CIDCO Exhibition Centre, Vashi proved to be a lot of fun. Sonnalli Seygall was seen cheering the professional who performed bike stunts, while Mandana Karimi went gaga over many
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