IDBI bank privatisation

The privatisation of two state-owned banks and one general insurance company could be shifted to the upcoming financial year. In the Union Budget meet on February 1, FM Niramala Sitharaman announced the government’s plan to conduct…

GIBNA serves to alleviate the economy by securing the development of general insurance business in the country. The central government is known to be in works for introducing some changes in the General Insurance Business…

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 sale of IDBI Bank is underway as transaction advisers will soon be appointed. LIC is expected to file an IPO in the Jan-Mar quarter of 2022. The sale of IDBI Bank is underway as transaction advisers will soon be appointed. …

Bank unions threaten to conduct more strikes, shall the government not drop the privatization process. On March 15 and 16, about 10 million bank employees participating from nearly 9 bank unions conducted a two-day bank strike, in…

Sitharaman announces working with RBI in the process of privatizing two more public banks. Last week after the budget meeting, we informed you of the Finance Minister's plans of conducting the privatisation process for two more public…

Two more public sector banks and insurance companies will be privatised in FY22, besides IDBI bank. According to the budget speech presented by Finance Minister Nirmala Sitharaman yesterday, the government will conduct the privatisation…