Tag: IDBI

Centre asks CVC for clarity over supervision in privatised IDBI bank

The government has asked the Central Vigilance Commission if it still has vigilance jurisdiction on the now privatised IDBI BankNSE 0.23 %, and sought its advice on the course of action in case of ongoing complaints or investigations, a government official said. In January, the Reserve bank of India had classified IDBI Bank as a private sector lender

RBI says no to IDBI Bank name change proposal

The Reserve Bank of India (RBI) has turned down IDBINSE -0.58 % Bank’s proposal to change its name following the transfer of controlling 51 per cent stake to insurance behemoth LIC from the government of India. The board of IDBI Bank had last month sought RBI’s approval for change in the name of the lender to either LIC IDBI

RBI not in favour of changing IDBI Bank’s name

The IDBI BankNSE -0.47 %’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed change in the name of the lender to either LICIDBI Bank or LIC Bank, following its takeover by Life Insurance Corporation. According to the sources, the RBI is

IDBI charts out plan to bring banking, insurance services at one platform

Additionally, a working group has been created to carry forward the initiatives identified for synergy and to effectively implement the decisions taken at the management level, the bank said. IDBI to bring banking, insurance services at one platform (Representational Image)  |  Photo Credit: BCCL New Delhi: IDBI Bank on Sunday said it is strategising to be a