ICICI BANK RAKES RS 3,090 CR BY DIVESTING STAKE IN GENERAL, LIFE INSURANCE BUSINESSES

Highlights

• On Friday, ICICI Bank sold 3.8 percent stake worth Rs 2,250 crore in ICICI Lombard

• In its BSE filing, ICICI Bank said all the divestments are done in order to strengthen the balance sheet

• The stocks of ICICI Bank were trading at Rs 372...

Top financers pull out of government policy

Insurances in India are very tricky as most of the investment goes into advertising a policy, which is a moving topic. The insurance sector took a major hit because there have been reports that, along with banking, there has been serious damage been done to the insurance sector that is largely at...