LIC CEO on IDBI Bank
moneycontrol · 09 Nov 2026 · 6 min
Management interview of Life Insurance Corporation of India (LICI), with 5 key numbers discussed.
- CEO, Life Insurance Corporation of India
LIC management stated that it will reduce its stake in IDBI Bank from 49.24% to 19% upon transaction execution, with plans to bring it down further to the 15% regulatory cap within an expected two-year window. The ultimate holding could range between 15% and 0% depending on growth prospects and value appreciation. As the investment was made from the participating book, sale proceeds and realized gains will be redeployed into stocks or fixed-income securities to support policyholder bonuses and liabilities. Management noted current regulations bar insurers from promoting banks, putting banking aspirations on hold.