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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...- 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...
- ITR Filing, UPS deadline, SBI credit card changes, Registered Post merger and more: Deadlines & key watchouts in September 2025September 2025 brings key financial changes, including India Post merging Registered Post with Speed Post and revisions to SBI credit card ...
- PSU banks go slow on asset sales, await privatisation listPublic sector banks that were not part of the consolidation process are going slow on their plans to monetise assets as part of their capit...
- Bank operations may be hit by unions' strike on ThursdayMany lenders, including IDBI Bank and Bank of Maharashtra, in regulatory filings on Wednesday said their normal working could be affected a...
- Banks plan to back staff against inquiry agenciesLegal & financial support has been proposed for employees facing probe after having acted in good faith.
- LIC unions oppose acquisition of IDBI Bank by insurerThe Federation of LIC Class-I Officers Association said that the LIC has been forced to participate in the bank recapitalisation of PSBs an...
- LIC-IDBI Bank deal: How life insurance companies invest your moneyFollowing the LIC-IDBI Bank deal, a look at its implications and the investment guidelines life insurers have to follow.
- Bank of Maharashtra CEO, executive director booked for role in Rs 3,000 crore DSK Group default casePune EoW said that the arrested officials colluded with DSK Group by entering into fraudulent transactions and sanctioned loans, to be siph...
- Jaypee moves SC seeking approval of its resolution planThe court, on March 21, had asked JAL to deposit Rs 200 crore with its registry in two installments. It had asked it to deposit Rs 100 cror...
- Jaypee seeks ‘loan’ from senior executivesGroup company Jaypee Infratech is facing insolvency proceedings and its parent company, Jaiprakash Associates Ltd, has been ordered by the ...
- Banks seek government's protection to strike deal with Vijay Mallya on loan defaultMallya had offered to deposit Rs 6,868 crore to the Supreme Court, but the proposal was rejected by lenders as banks demand no less than Rs...
- Cooperative credit societies will have to get bank licenceCurrently, cooperative credit societies operations do not come under the purview of RBI despite them accepting deposits and giving loans.
- Co-operative credit societies will have to seek banking license from RBIThousands of cooperative credit societies will have to seek banking license from the Reserve Bank of India following amendment in the Banki...
- Banking: A move to anywhere-anytime banking over the decadeOver the past decade, banking transactions have moved from having to take half a day off to anywhere-anytime banking.
- Festive spirit: Banks soften home loan normsBut individuals are still not buying as high home prices keep them away from their dreams. Charges linked with home loan I Understanding Su...
- Banks may have to ration credit flow to some sectorsThis fiscal has so far been an eventful one for VP Shetty, the CMD of IDBI. He took over as chairman of Indian Banks Association (IBA) at a...
- IDBI to keep UWB as strategic business unitIDBI will unveil a business plan setting out performance targets for the erstwhile UWB in the coming fiscal.
- IDBI Bank ATMs for United Western depositors soonUnited Western Bank (UWB) depositors will be able to access their accounts through ATMs of IDBI Bank in the near future.
- IGF to move regulators over UWB mergerThe Investor Grievance Forum (IGF) will approach the Reserve Bank of India, Sebi and the finance ministry to demand an explanation as to wh...
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