Questions

Life Insurance Corporation of India is all set to become a knight in shining armour for the ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a proposal allowing the former to acquire a majority stake in the bank.

SAARC Development Fund Headquarters are located in Thimpu, Bhutan. SAARC Development Fund (SDF), the umbrella financial institution for projects in SAARC member countries. SDF has been established
(i) to promote the welfare of the people of SAARC region,
(ii) to improve their quality of life and

(iii) toaccelerate economic growth, social progress and poverty alleviation in the region. The Fund is to serve as the umbrella financial institution for SAARC projects and programmes and is aimed to contribute to regional cooperation and integration through project collaboration.