TOPIC IN NEWS unacademy When an insurer buys a bank AMAN SHARMA
TOPIC IN NEWS Aman Sharma VVERIFIED Follow B.tech (ECE), M.A(Sociology) The STUDY IAS guy. Knowledge, like air, is vital to life. Like air, no one should be denied it. SCIENC & TECHNOLOGY CURRENT AFFAIRS INDIA SINCE INDEPENDENCE COMPLETE COURSE INDIA SINCE INDEPENDENCE BIPAN CHANDRA 2018 By- AMAN SHARMA unacademy By Aman Sharma By Aman Sharma (Hindi) Complete Course India Since Independence Bipan.. (Hindi) May 2018-Science and Technology Current Affairs for.. 6 Lessons 5 Lessons <l AMAN SHARMA
TOPIC IN NEWS State-owned LIC plans to buy a controlling stake in IDBl Bank While LIC will get the bank that it has been wanting and the government will have completed a disinvestment, should an insurer be using policyholders money to buy a Syndicate Bank 10.20 controlling stake in a troubled bank? DIDBI BANK LIC's Holdings % Holding 9.84 9.80 9.70 9.47 % Holding PSU Bank Corporation Bank 13.03 Allahabad Bank 12.37 Punjab Natl.Bank 12.24 IDBI Bank PSU Bank St Bk of India UCO Bank Union Bank (I) Canara Bank 10.82 Bank of India 8.77 Vijaya Bank 8.15 Central Bank 10.04 AMAN SHARMA
LIC TOPIC IN NEWS .Life Insurance Corporation of India (LIC) is an Indian state owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of 1,560,482 crore (US$230 billion). As of 2013 it had total life fund of Rs.1433103.14 crore and total number of policies sold coming in at 367.82 lakh that year (2012-13) The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation LIFE INSURANCE CORPORATION OF INDIA The LIC absorbed 154 Indian, 16 non-Indian insurers as also 75 provident societies-245 Indian and foreign insurers in all. The LIC had monopoly in the insurance sector in India till the late 90s when the Insurance sector was reopened to the private sector. AMAN SHARMA
TOPIC IN NEWS IDBI .IDBl was constituted on 1 July 1964 under IDBI Act 1964 based on the model of Developmental Bank of Canada with a motive to provide direct and indirect finance to Industries. .Government of India took over the controls of IDBI in 1975 and then transformed into independent autonomous statutory organisation. It was regarded as a Public Financial Institution and continued to serve as a DFI for 40 years and was formally transformed into a Bank on 28 September 2004 LIC . LIFE INSURANCE CORPORATION OF INDIA .It thus became 28th Public Sector Bank.IDBI Bank was earlier known as IDBI Ltd which was change to its existing name IDBI Bank Ltd on 7 May 2008. AMAN SHARMA
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B.tech (ECE) , M.A(Sociology) STUDY IAS Newspaper Analyst | Motivational Speaker Knowledge, like air, is vital to life.