The 60.72% stake in IDBI Bank is being sold by the government and Life Insurance Corporation (LIC), for which they had invited bids for in October. The last date for which was set for December 16 and later extended to January 7.
The 60.72% stake in IDBI Bank is being sold by the government and Life Insurance Corporation (LIC), for which they had invited bids for in October. The last date for which was set for December 16 and later extended to January 7.
The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender, alongside state-owned Life Insurance Corp of India (LIC), which will sell a 30.24% stake from its holding of 49.24% in the bank.
The average Indian millennial is likely to experience some ups and downs in their income and financial security in 2023. Read to know more
Mutual fund investments are subject to market risks, which means that your money could go down as well as up in value. Before investing, be sure to read all the scheme related documents carefully.
Investment banking in India decreased in fees by 16% in 2022, making it the lowest annual tally since 2018. Fees collected by investment bankers in 2022 from activities tied to equity markets was 989 million, which was less than the 12 billion fees collected in 2021 and 11 billion fees collected in 2020.
Previously a tiny player on the financial landscape, mutual funds today play a substantial role in the valuation of tradable assets like stocks and bonds.
Some people make New Year's resolutions to save money, invest money, or to get a better financial education. A financial resolution is a goal that someone sets for themselves to improve their financial situation. Financial resolutions can be easy, like budgeting and tracking your money, or more difficult, like investing in mutual funds or having an emergency fund. Financial literacy is the ability to understand financial concepts. Reducing debt and having a contingency fund are also good financial resolutions.
While 44% of investment is funded through Central and States Budgets, banks, financial institutions and Development Finance Institution (DFI) are expected to play a crucial role in financing of these projects with the share of about 30%.
​​​"Fresh KYC process can be done by visiting a bank branch, or remotely through a Video based Customer Identification Process (V-CIP) (wherever the same has been enabled by the banks), as provided in Section 18 of the Master Direction on KYC," the RBI said in a statement.