Govt seeks waiver from Sebi in key norm for IDBI Bank stake sale

Govt seeks waiver from Sebi in key norm for IDBI Bank stake sale

In order to make the IDBI Bank purchase attractive, the Indian government is in talks with market re..

Govt, LIC to sell 60.72% stake in IDBI Bank, invite bids

Govt, LIC to sell 60.72% stake in IDBI Bank, invite bids

The Indian government is looking to unload 60.72% stake in IDBI Bank and has invited expressions of ..

Govt cuts borrowing target in FY23 on tax mop up

Govt cuts borrowing target in FY23 on tax mop up

The Indian government has slashed its borrowing for FY23 by Rs 10,000 crore, partly helped by buoyan..

Govt likely to float EoI for IDBI Bank stake sale within a month

Govt likely to float EoI for IDBI Bank stake sale within a month

The government will likely float an expression of interest (EoI) for the divestment of IDBI Bank wit..

Banks flouting lending norms to govt-owned entities: RBI

Banks flouting lending norms to govt-owned entities: RBI

The Reserve Bank of India (RBI) has found instances of banks flouting the regulator’s norms when it ..

Manimekhalai becomes first woman CEO of Union Bank; govt names 2 more heads of PSBs

Manimekhalai becomes first woman CEO of Union Bank; govt names 2 more heads of PSBs

Mumbai-based Union Bank of India will have a woman boss for the first time. A Manimekhalai, executiv..

Govt's ONDC in talks with banks, others to push e-commerce project

Govt's ONDC in talks with banks, others to push e-commerce project

India’s bigger banks are in discussions with the Open Network for Digital Commerce (ONDC), which the..

RBI to pay to govt dividend of Rs 30,307 cr for FY22

RBI to pay to govt dividend of Rs 30,307 cr for FY22

The Reserve Bank of India (RBI) has approved a dividend payment of Rs 30,307 crore to the government..

LIC, Govt to cede management control from IDBI Bank

LIC, Govt to cede management control from IDBI Bank

Life Insurance Corporation, which is headed for the country’s largest initial public offering (IPO),..

IDBI Bank sale: Govt holds roadshows to gauge investor interest

IDBI Bank sale: Govt holds roadshows to gauge investor interest

The government is holding roadshows to assess investor interest for the stake sale of IDBI Bank befo..

Govt to infuse capital in weak public sector banks

Govt to infuse capital in weak public sector banks

Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get the lion's..

Govt not to infuse capital in PSU banks in FY23

Govt not to infuse capital in PSU banks in FY23

The budget has not provided for any capital infusion in public sector banks in 2022-23.  “..

Govt approves PMC Bank’s merger with Unity SFB

Govt approves PMC Bank’s merger with Unity SFB

The government has approved and notified the merger of the scam-hit Punjab and Maharashtra Co-operat..

Govt for faster resolution, proposes changes in IBC

Govt for faster resolution, proposes changes in IBC

The resolution of toxic loans may get speedier. The ministry of corporate affairs (MCA) has proposed..

IBA to take up former SBI chairman’s arrest with govt

IBA to take up former SBI chairman’s arrest with govt

The banking community is mobilising the Indian Banks’ Association (IBA) to take up with the governme..