IDBI Bank

The latest updates revealed that the center is pushing for a valuation of around $7.7 billion for state-owned IDBI Bank. Privatization of IDBI Bank This could be the biggest sale of the government’s stake in a lender in decades,…

DIPAM Secretary Tuhin Kanta Pandey on Wednesday said they are working on the Expression of Interest (EoI) and would soon invite preliminary bids from investors for the privatisation of IDBI Bank. Stake holding The Cabinet…

Privatization Of IDBI Bank Can Start From July: Govt Expected To Invite Bids From Private Investors, Bankers The privatization process of IDBI Bank has begun, as the Union Government plans to invite preliminary tenders by the end of…

Rs 93 Lakh Penalty On Axis Bank; Rs 90 Lakh Penalty On IDBI For These Reasons Axis Bank has been fined with Rs. 93 lakh by the RBI, for the bank has multiple violations to its name. Along with that, IDBI Bank has also been…

The government is looking to sell its entire 94.71% stake. The government is kickstarting the privatisation of IDBI Bank this month. Roadshow Starting Next Week Its advisor KPMG has reached out to several potential buyers…

Strategic disinvestment process for multiple PSUs is going on in parallel. Now that the Air India privatisation process is completed, the government has shifted attention towards the sale process of BPCL. DIPAM secretary Tuhin Kanta…

The two newly launched 'Eclat' Select Credit Card and the 'Lumine' Platinum Credit Card are reported to latch in a bundle of new benefits to their cardholders. LIC Cards Services Limited (LIC CSL), in partnership with the Mumbai-based…

Privatization Of PSU Banks Should Stop: Employee Union With 1 Lakh Members Urge President Of India AIBOA has appealed to the President of India to advise the Council of Ministers to rescind the proposed moves to privatize two public…

The uncertainty is due to the fact that the RBI, as the regulator, and LIC, as the major shareholder are involved as well. The govt has started floating Request for Proposals (RFP) as the process of privatising IDBI Bank gains speed. …

The central bank will compensate banks for the increased interchange fee and the general increase in ATM operational costs. The Reserve Bank of India recently authorised banks to raise ATM fees levied on customers after their free…