IDBI Bank

  • SMBC Bank, Oaktree Submit EoIs for IDBI’s Strategic Stake Sale

    Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the strategic stake sale in IDBI Bank. Oaktree is a US alternative assets firm founded by...

    Published On January 16th, 2023
  • Government and LIC to cooperatively divest 60.72% share in IDBI Bank

    LIC to divest 60.72% share in IDBI Bank: The government announced that it and LIC would sell a combined 60.72 percent share in IDBI Bank in order to privatise the banking institution. In order to be qualified to bid for...

    Published On October 11th, 2022
  • Ageas becomes first foreign business to own 74% of an Indian life insurance company

    Ageas Federal Life Insurance (AFLI) announced that after Belgium-based Ageas Insurance International successfully acquired the 25% investment in the life insurance joint venture (JV) from IDBI Bank, it has become the first life insurance firm in India with a 74%...

    Published On September 27th, 2022
  • RBI permitted bidders for IDBI Bank to own more than 40%

    The Reserve Bank of India (RBI), as perceived by the Union Government and Life Insurance Companies (LIC), has reportedly accepted the center's request to permit non-financial institutions and unregulated entities to own more than 40 percent stake in IDBI Bank...

    Published On July 28th, 2022