2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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SBI
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SEBI
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LIC
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Detailed explanation-1: -Govt, LIC move to sell 61% stake in IDBI Bank.
Detailed explanation-2: -The government, along with the state-run Life Insurance Corporation of India (LIC), will sell a 60.72 percent stake in IDBI Bank. The government will offload 30.48 percent of the stake and the remaining 30.24 percent will be sold by the LIC.
Detailed explanation-3: -LIC will sell 30.24% of its 49.24% holding in the bank, while the government will dilute 30.48% of its 45.48% holding.
Detailed explanation-4: -1956: 245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India.
Detailed explanation-5: -Life Insurance Corporation of India (LIC) is an Indian central public sector undertaking headquartered in Mumbai, Maharashtra, India. It is under the ownership of the Ministry of Finance, Government of India.