IDBI Bank

This practice has been done in the past before some PSBs were consolidated. In an effort to trim the fat, two state-owned banks set to be privatised will likely offer a voluntary retirement scheme (VRS). About VRS The scheme is…

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. …

The government of India (GoI) along with LIC will dilute a certain extent of their stakes in IDBI Bank after consultation with RBI. The Cabinet Committee on Economic Affairs (CCEA) has approved for IDBI Bank to be disinvested to private…

SBI accumulated Rs 300 Cr in service charges imposed on withdrawals by Zero-Bal accounts IIT Bombay professor Ashish Das has done a study which revealed that SBI along with other banks has accrued Rs 300 cr over 5 years between 2015-20…

IDBI Bank Will Be Sold To Private Firms Next Month; Entire Stake Of LIC Will Be Sold Off The privatization of the IDBI Bank is all set to begin from next month, as confirmed by new reports coming in. The Government has a target of…

Privatization Of IDBI Bank Starts Soon, Govt Will Sell Its 47.11% Stake To Private Firms; IDBI Bank Earned Rs 326 Cr In Q2-2020 The Government of India is planning on selling the stakes in the Industrial Development Bank of India (IDBI)…

These 4 PSU Banks Will Be Sold To Private Firms Before March 2021; PMO Intervenes The Centre has asked the officials to hasten the privatization process of at least 4 primarily state-owned banks within FY 2020-2021, according to two…

SBI will hire 9000 employees India’s biggest bank: State Bank of India (SBI) has announced that in the coming days, they will hire 9000 employees, triggering one of the largest recruitment drives in recent times. Only Indian Railways…

Two fraudsters have been caught by the Nagpada police for cheating various banks of Rs. 1 crore with fake claims of ATM withdrawal failures. Nagpada police have arrested these two youths and recovered a shocking amount of debit cards from…