The Axis Bank said on Wednesday that all the required regulatory approvals for the proposed subscription of shares in Max Life Insurance have been received.
On August 9, 2023, Axis Bank informed about the proposed infusion of Rs 1,612 crore by the private lender in Max Life Insurance Company Limited, subject to regulatory approvals.
The Competition Commission of India (CCI) has, vide its letter dated April 2, 2024, intimated that the CCI, at its meeting held on April 2, 2024, considered...
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the setting up of insurance e-marketplace Bima Sugam for buying, selling, and servicing insurance policies as well as settling claims.
“This marketplace will serve as a one-stop solution for all insurance stakeholders, including customers, insurers, intermediaries, and agents, thereby, promoting transparency, efficiency, and collaboration across the entire insurance value chain,&rdquo...
IRDAI approves setting up insurance e-marketplace Bima Sugam, goes for big regulatory revamp
Life Insurance Corporation of India had received refund orders for Assessment Years 2012-13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19 and 2019-20.
The total amount of refund was Rs 25,464.46 crore. In this regard, the Income Tax Department has released Rs. 21,740.77 crore on February 15.
The Corporation is pursuing the balance with the Income Tax Department, LIC said.
LIC's Profit after Tax (PAT) for the nine months period ended December 31, 2023 was Rs 26,913 crore.
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LIC received refund orders for Rs 21,740cr from Income Tax Dept
