Latest


IDBI Bank proposes to change name

  •   Tue, Feb 05 2019 10:23:35 AM

Mumbai, Feb 5 (IANS): IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders' approval.

According to the lender, its Board has approved a proposal for change of name of IDBI Bank, subject to "RBI's no objection, name availability or reservation by MCA, shareholders' approval through postal ballot, stock exchanges' approval...," the lender said in a regulatory filing to the BSE on Monday.

The development comes after LIC acquired a majority stake in the lender.
  

Top Stories


Leave a Comment

Title: IDBI Bank proposes to change name



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like