trending Market Intelligence /marketintelligence/en/news-insights/trending/0TwebHN-dJsCk57sn5lh4g2 content esgSubNav
In This List

IRDAI asks Life Insurance Corp. of India for IDBI Bank stake cut proposal

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


IRDAI asks Life Insurance Corp. of India for IDBI Bank stake cut proposal

The Insurance Regulatory and Development Authority of India has asked Life Insurance Corp. of India to submit a proposal to cut down its shareholding in IDBI Bank Ltd., The (India) Financial Express reported.

Life Insurance Corp. of India currently holds more than the 15% stake limit in some state-run banks, with permission from the regulator. In IDBI Bank, the insurer owns a 51% controlling stake, making it the majority shareholder.