IDBI Bank Sale to Fairfax Marks Landmark Shift in Banking
The Union Cabinet’s approval of the proposed sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings has
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IDBI Bank
$6 Billion IDBI Deal Signals Strong Global Appetite for India
The proposed sale of a controlling stake in IDBI Bank to Canada’s Fairfax Financial Holdings for nearly $6 billion is
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IDBI Bank Privatisation Timeline Extended to FY27
The government’s strategic disinvestment of IDBI Bank has been pushed to FY27, extending a process that has faced delays amid
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Banking News
ED Raids 10 Locations in Rs 988 Cr Loan Fraud Probe Involving Shilpi Cables The Enforcement Directorate (ED) has searched
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RBI to vet IDBI bidders soon
RBI is expected to accelerate a key process of vetting IDBI Bank’s potential buyers and complete it by October end,
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Foreign funds can own 51% in IDBI Bank: Govt.
The government said it will allow a consortium of foreign funds and investment companies to own over 51 per cent
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Rakesh Sharma reappointed MD, CEO of IDBI Bank
IDBI Bank informed the stock exchanges that its board has approved the reappointment of Rakesh Sharma as the managing director
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IDBI Bank taken out of PCA, subject to conditions
RBI has recently declared that IDBI Bank has been taken out of the Prompt Corrective Action (PCA) framework, subject to
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IDBI Bank launches banking services on WhatsApp
IDBI Bank has recently introduced banking services on WhatsApp for its customers. “This launch is a part of sustained
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IDBI Bank gets nod to handle import, exports with Iran
The IDBI Bank has received government nod to handle import and export transactions with Iran, a move which would help
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