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Early Diwali dhamaka: With the IDBI strategic sale to Fairfax, GoI has taken a giant step in the disinvestment pathwayIDBI Bank's sale as part of a disinvestment strategy provides ₹26,000 cr to the government during economic challenges. Government of India ...- 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...
- World Bank Group mobilizes $36 billion in India for development and job creation over four yearsThe World Bank Group has mobilised a cumulative $36 billion in India across various development sectors. This funding includes $9.6 billion...
- IDBI, poster boy for more privatisationIDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private ownership. This sale follows a long...
- Bank of America consumer retail M&A banker Peacock to leave, sources sayRichard Peacock, a veteran banker in consumer and retail M&A, is leaving Bank of America. He has been with the bank for over a decade. Earl...
- IDBI Bank strategic restructuring to attract FDI, boost banking sector, says FM SitharamanThe Cabinet Committee on Economic Affairs approved the strategic restructuring of IDBI Bank to attract foreign investments. The government ...
- World Bank helps mobilise $36 billion in private capital to support job creation in India since FY22Private capital mobilisation by the World Bank Group has grown nearly five-fold in four years, rising from approximately USD 3 billion in F...
- Hardening bond yields to weigh on bank profits in September quarterFor the September quarter, Nifty 50 banks are forecasted to see an 11.5% rise in net interest income, yet net profits are expected to grow ...
- These 7 private and public banking stocks have an upside of up to 25% in one year, according to analystsThanks to the US-Iran conflict, the economy has been dealing with higher oil prices for close to seven months. And if inflation starts to c...
- RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FMFinance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that th...
- Stock Radar: South Indian Bank stock takes support above 20-DMA after hitting record highs in September; time to buy the dip?South Indian Bank shares rebounded after testing their 20-day moving average, with technical indicators pointing to a positive trend. Choic...
- Pakistan sees growth above 4%, looks to raise more than $1 billion from privatisationThe outlook for Pakistan's economy appears optimistic, with anticipated growth rates of over 4% this fiscal year, spurred by strategic gove...
- FM holds talks with global financial leaders in Singapore, pitches for boosting investment in IndiaFinance Minister Nirmala Sitharaman held meetings with global financial leaders in Singapore to encourage investments. Discussions included...
- Crude oil, uneven monsoon pose risk to banks despite benign asset quality: ReportHigher crude oil prices and drought conditions in five states may impact Indian banks' asset quality outlook. This follows a stable credit ...
- Highest senior citizen FD interest rates after RBI repo rate hike: Public vs private vs small finance bank rates of 3 and 5-year fixed depositsThe Reserve Bank of India raised the repo rate to 5.50% in its recent Monetary Policy Committee meeting. Subsequently, banks are likely to ...
- Lowest home loan interest rates after RBI repo rate hike: Check EMI on above Rs 30 lakh to 75 lakh loans at public & private banks, HFCsIn a recent move, the Reserve Bank of India has lifted the repo rate to 5.50% from 5.25%, impacting the landscape of home loan interest rat...
- New RBI data reveals a recast of India's overnight money market numbersDuring the first half of the fiscal year 2026-27, private sector banks saw their share in the tri-party repo market come down, while public...
- Finmin asks pvt banks to increase participation in govt's financial inclusion schemesThe Finance Ministry on Tuesday asked private sector banks to step up participation in financial inclusion schemes, including PMMY and Stan...
- Indian banks' Q2FY27 earnings seen rising 11%; FCNR deposits may weigh on margins: KotakIndian banks are projected to see an 11 percent year-on-year growth in earnings for the second quarter of FY27. The report anticipates that...
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