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IDBI BANK EMPLOYEES
As IDBI Bank employees call for November 2 and 3 all-India strike, United Forum of Bank Unions extends supportThe United Forum of Bank Unions has rallied behind IDBI employees who are set to strike on November 2 and 3, voicing opposition to the gove...- Challenges ahead for Fairfax's management of IDBI Bank post ₹52,878 crore stake deal approvalFairfax Financial's subsidiary has acquired a 60.7% stake in IDBI Bank for ₹52,878 crore, leading to potential operational changes. The new...
- IDBI Bank sale to Fairfax enters final lap, RBI nod now key: DIPAMThe strategic sale of IDBI Bank to Canada’s Fairfax Financial Holdings is expected to be completed by the end of FY27, subject to RBI appro...
- Finance Ministry clarifies on legislative developments concerning govt's IDBI Bank stakeThe Finance Ministry clarified the legislative developments regarding IDBI Bank's government stake in 2003. An amendment to restrict the di...
- Fairfax must merge CSB or exit one bank within 2 years: DIPAM Secy Arunish ChawlaThe Cabinet Committee on Economic Affairs has approved Fairfax Financial Holdings' acquisition of a majority stake in IDBI Bank. The next s...
- A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposureThe sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The ...
- Cabinet clears way for Watsa's Fairfax's Rs 52,878 crore deal for 60.72% stake in IDBI BankFairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This acquisition marks a significant mom...
- Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDIThe Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaish...
- Cabinet approves 78-day bonus worth Rs 2,009 crore for 11.4 lakh railway employees ahead of DiwaliThe Union Cabinet has approved a 78-day productivity-linked bonus worth Rs 2,009.61 crore for 11.4 lakh railway employees, with a maximum p...
- ET Business Growth Summit in Mumbai showcases ideas and innovations driving business growthKey discussions focused on MSME growth, investment opportunities in Maharashtra, and innovative strategies for scaling businesses. Entrepre...
- NSE IPO GMP at 12% as stock exchange announces price band, key dates. 10 things to knowNSE’s IPO is set to raise around Rs 22,662 crore, with the latest grey market premium at 11–12% after the exchange fixed its price band. Th...
- NSE IPO: 8 selling shareholders trim stake sale as offer size cut by over 15%, RHP showsNSE has reduced its IPO offer for sale to 12.64 crore shares from 14.89 crore shares, with eight shareholders cutting their proposed stake ...
- NSE IPO price band for Rs 22,561-crore offer announced! Check key dates, other important detailsRetail investors have been allocated 35% of the issue, while 50% has been reserved for eligible institutional bidders (QIBs). The remaining...
- Will benefits continue under new owners, ask IDBI pensioners"This is of vital importance to retirees in their twilight years. The potential buyers / investors should be made aware that pension and th...
- IDBI Bank employees oppose proposed take over by LICTaking into consideration the fact that the bank has been consecutively posting healthy operating profits, burgeoning provisioning to NPAs ...
- IDBI Bank employees to go on 2-day strikeNoting that the wage revision was already settled in other banks, he said, the negotiation talks were underway for next wage revision due f...
- IDBI Bank employees to go on strike on April 12: AIBEARecalling wage revision settlement to the banking sector which concluded in May 2015, Venkatachalam said in his letter that the settlement ...
- Several IDBI Bank staff transferred, suspendedEmployees were quite vocal in their protests at town hall meetings across the country that were attended by IDBI Bank MD K P Kharat and oth...
- About 90% employees joined strike, says IDBI Bank union"Despite all sorts of threats by the management and coercive measures, nearly 90% of the officers and employees of the bank participated in...
- IDBI Bank employees threaten to strike at fiscal-end against government's move to reduce stakeMost of the 6,000-odd comments posted on the bank’s internal website blamed CEO Kishor Kharat for the proposed "privatization".
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