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are you doing answer writing as well? What about joining test series? Aur bhai, itna sab par kar pacha kaise lete ho, mere se to bas parkar nahi ho pa raha h. thodi der sochna bhi to padta h. I guess my reading skills and IQ are very poor. Any tips including ur strategy?
bhai, logo, I can't comprehend the last 2 paras of this news item. If anyone does- help me understand as well. If not, 2 questions- how do you control urself from not searching such things, which you can't comprehend? also, am I going too deep? Should I skip such sections, or news item?
Unlike in the other public sector banks, the government can pare its stake below 50 per cent in the IDBI Bank as the lender is not governed by the Bank Nationalization Act. The Central government owns 80.96 per cent equity in IDBI Bank as on March 31, while LIC holds 10.82 per cent stake in the bank as on March 31, according to the latest shareholding pattern available with the Bombay Stock Exchange.
But after the government’s capital infusion of Rs 7,881 crore in May, its stake went up to 85.96 per cent in IDBI Bank. Similarly, LIC’s stake in IDBI Bank would have got diluted in proportion to the fresh equity issuance by the bank. In acquiring majority stake in IDBI Bank, it is not immediately clear how LIC will overcome the hurdle of current regulations which do not permit it to own more than 15 per cent equity in a single company.
bhai, logo, I can't comprehend the last 2 paras of this news item. If anyone does- help me understand as well. If not, 2 questions- how do you control urself from not searching such things, which you can't comprehend? also, am I going too deep? Should I skip such sections, or news item?
Unlike in the other public sector banks, the government can pare its stake below 50 per cent in the IDBI Bank as the lender is not governed by the Bank Nationalization Act. The Central government owns 80.96 per cent equity in IDBI Bank as on March 31, while LIC holds 10.82 per cent stake in the bank as on March 31, according to the latest shareholding pattern available with the Bombay Stock Exchange.
But after the government’s capital infusion of Rs 7,881 crore in May, its stake went up to 85.96 per cent in IDBI Bank. Similarly, LIC’s stake in IDBI Bank would have got diluted in proportion to the fresh equity issuance by the bank. In acquiring majority stake in IDBI Bank, it is not immediately clear how LIC will overcome the hurdle of current regulations which do not permit it to own more than 15 per cent equity in a single company.
I didnt get you The message is clear: Central govt owns 80.96% shares in IDBI but however with recent capital infusion (remember, govt would indulge in this process to clear balance sheets. you can Google 'twin balance sheet problem') its share increased to 85.96% But LIC has a clause which doesnt permit it to have more than 15% shares in a single company/bank.Here it means LIC cant have 15% in IDBI alone. But however central govt can have it below 50% as IDBI is NOT nationalised (remember it is public sector bank) Thus govt can sell its share to LIC as LIC wants to become strategic investor.But however there is a problem. "LIC cant have more than 15% share in single bank, but still it wants to be strategic investor", so how can this be solved?
This is what the article says I realised while typing that your problem is (I think) not about analysis or comprehension. Your problem is background information. You will get through this stage soon. So dont worry! Just hang on!
bhai, logo, I can't comprehend the last 2 paras of this news item. If anyone does- help me understand as well. If not, 2 questions- how do you control urself from not searching such things, which you can't comprehend? also, am I going too deep? Should I skip such sections, or news item?
Unlike in the other public sector banks, the government can pare its stake below 50 per cent in the IDBI Bank as the lender is not governed by the Bank Nationalization Act. The Central government owns 80.96 per cent equity in IDBI Bank as on March 31, while LIC holds 10.82 per cent stake in the bank as on March 31, according to the latest shareholding pattern available with the Bombay Stock Exchange.
But after the government’s capital infusion of Rs 7,881 crore in May, its stake went up to 85.96 per cent in IDBI Bank. Similarly, LIC’s stake in IDBI Bank would have got diluted in proportion to the fresh equity issuance by the bank. In acquiring majority stake in IDBI Bank, it is not immediately clear how LIC will overcome the hurdle of current regulations which do not permit it to own more than 15 per cent equity in a single company.
I didnt get you The message is clear: Central govt owns 80.96% shares in IDBI but however with recent capital infusion (remember, govt would indulge in this process to clear balance sheets. you can Google 'twin balance sheet problem') its share increased to 85.96% But LIC has a clause which doesnt permit it to have more than 15% shares in a single company/bank.Here it means LIC cant have 15% in IDBI alone. But however central govt can have it below 50% as IDBI is NOT nationalised (remember it is public sector bank) Thus govt can sell its share to LIC as LIC wants to become strategic investor.But however there is a problem. "LIC cant have more than 15% share in single bank, but still it wants to be strategic investor", so how can this be solved?
This is what the article says I realised while typing that your problem is (I think) not about analysis or comprehension. Your problem is background information. You will get through this stage soon. So dont worry! Just hang on!
Thanks, ya you are right, I have just started the preparation(and I am an average student,so I take too much time in comprehending things). Acutally, what I was looking for was this:- 1)What is the exact limit set for government holdings in nationalised banks( I mean is there a min and max ceiling, unlike PSB's 50%)
2)In 2013, Irda revised regulations regarding investments by insurance companies, linking it to the fund size. Insurance companies can increase their exposure in equity in a given company from 10 per cent to 12 per cent and 15 per cent depending on the size of their controlled fund.
However, if LIC wants to own more than the prescribed limit of 15 per cent, it has to get approval from its board and the regulator. It can own as much as 30 per cent in some companies under a special dispensation from the govt.
Sigh!!! I wish I were better. How will i get a nick of the background and in how much time? can you suggest some tips and tricks? keep answering the queries.
Nationalised banks are under some act where govt takes over the bank. For the govt to take over the bank it should have 51% shares. So all nationalised banks are PSBs.
And dont worry! You are not average, for that matter no one is. With time, patience and hardwork we all excel!
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Comments
If anyone does- help me understand as well.
If not, 2 questions- how do you control urself from not searching such things, which you can't comprehend?
also, am I going too deep? Should I skip such sections, or news item?
https://indianexpress.com/article/business/banking-and-finance/lic-eyes-large-stake-to-become-strategic-investor-in-idbi-bank-5229535/
Unlike in the other public sector banks, the government can pare its stake below 50 per cent in the IDBI Bank as the lender is not governed by the Bank Nationalization Act. The Central government owns 80.96 per cent equity in IDBI Bank as on March 31, while LIC holds 10.82 per cent stake in the bank as on March 31, according to the latest shareholding pattern available with the Bombay Stock Exchange.
But after the government’s capital infusion of Rs 7,881 crore in May, its stake went up to 85.96 per cent in IDBI Bank. Similarly, LIC’s stake in IDBI Bank would have got diluted in proportion to the fresh equity issuance by the bank. In acquiring majority stake in IDBI Bank, it is not immediately clear how LIC will overcome the hurdle of current regulations which do not permit it to own more than 15 per cent equity in a single company.
Topic-Development vs Environment
https://unacademy.com/lesson/development-vs-environment/P6MWTN4B
I didnt get you
Central govt owns 80.96% shares in IDBI but however with recent capital infusion (remember, govt would indulge in this process to clear balance sheets. you can Google 'twin balance sheet problem') its share increased to 85.96%
But LIC has a clause which doesnt permit it to have more than 15% shares in a single company/bank.Here it means LIC cant have 15% in IDBI alone. But however central govt can have it below 50% as IDBI is NOT nationalised (remember it is public sector bank) Thus govt can sell its share to LIC as LIC wants to become strategic investor.But however there is a problem. "LIC cant have more than 15% share in single bank, but still it wants to be strategic investor", so how can this be solved?
This is what the article says
I realised while typing that your problem is (I think) not about analysis or comprehension. Your problem is background information. You will get through this stage soon. So dont worry! Just hang on!
Here: http://mrunal.org/category/economy
Acutally, what I was looking for was this:-
1)What is the exact limit set for government holdings in nationalised banks( I mean is there a min and max ceiling, unlike PSB's 50%)
2)In 2013, Irda revised regulations regarding investments by insurance companies, linking it to the fund size. Insurance companies can increase their exposure in equity in a given company from 10 per cent to 12 per cent and 15 per cent depending on the size of their controlled fund.
However, if LIC wants to own more than the prescribed limit of 15 per cent, it has to get approval from its board and the regulator. It can own as much as 30 per cent in some companies under a special dispensation from the govt.
Sigh!!! I wish I were better. How will i get a nick of the background and in how much time? can you suggest some tips and tricks?
keep answering the queries.
So all nationalised banks are PSBs.
And dont worry! You are not average, for that matter no one is. With time, patience and hardwork we all excel!
Current Affairs:
- Starting Knappily today, lets see
- Editorials
- Hindu
- RSTV Debate
Optional: Its going too slow, highly unexpected!Brian Nelson:
- Chapter 1
- Chapter 2
Gonna do optional and GS on alternative days from today. Or else, It'll be gonna tough!Mrunal economy lecture 1 + notes
History spec post india
341!
Some Relevant Books on throwaway prices.
Cont 9728962004
Very new condition.