Idbi Bank Privatization

The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks. The central bank's residency criteria for promoters applies only for newly set up banks.

The Central Bureau of Investigation (CBI) has registered a case against five people, including promoters/directors of a private company, for allegedly causing a loss of about Rs 168.62 crore to IDBI bank.

In January, the Life Insurance Corporation (LIC) completed the process of picking up a controlling 51 per cent stake in IDBI Bank.

Banking operations will be impacted across the country on Friday with around 10 lakh bankers of 40 private and state-run banks striking work in protest against the central government's banking policies, a union leader said on Thursday.

IDBI Bank on Monday said it has raised Rs 1,900 crore through two separate Basel-III complaint tier-II bonds on a private placement basis.

The government is planning to lower its stake in IDBI Bank as it wants the troubled lender to transform the way Axis Bank has done, Minister of State for Finance Jayant Sinha said on Tuesday.

The government, which is seeking new chief executives for five state-run banks that are currently without a permanent leader or have a departing boss, has for the first time appealed for private-sector applicants to step forward.

Almost all banks including country's largest lender State Bank of India and private sector ICICI Bank have lent to power plants that were put up based on coal from 214 coal blocks allotted since 1993.

Top private lender ICICI Bank on Tuesday raised yuan 650 million in an offshore Chinese debt market offering, merchant bankers associated with the bond sale said.

According to analysts, private banks continued to outshine their public sector peers on both profitability and asset quality in the January-March quarter, highlighting yet again poor risk management and recovery of the government-owned lenders.

RBI Deputy Governor K C Chakrabarty today said opening of new banks will not be easier this time around unlike in 1993-94 period, when a number of new lenders came up.

HSBC is likely to offload its entire 4.8% stake in two big private sector lenders Axis Bank and Yes Bank.

The Police on Wednesday arrested eight fraudsters for allegedly hacking into internet banking accounts and siphoning off the money into their own accounts. The police also seized a number of ATM cards, mobile phones and important documents from them. The gang comprising of eight members allegedly transferred an amount to the tune of Rs 25 lakh ove...

Kochi-based private sector lender Federal Bank doesn't fear much impact on its balance sheet due to the proposed debt restructuring of Air India.

Muthoot Finance Limited said it has filed a draft prospectus with BSE Limited for a public issue of secured non-convertible debentures of face value of Rs 1,000 each.

The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks. The central bank's residency criteria for promoters applies only for newly set up banks.

The Central Bureau of Investigation (CBI) has registered a case against five people, including promoters/directors of a private company, for allegedly causing a loss of about Rs 168.62 crore to IDBI bank.

In January, the Life Insurance Corporation (LIC) completed the process of picking up a controlling 51 per cent stake in IDBI Bank.

Banking operations will be impacted across the country on Friday with around 10 lakh bankers of 40 private and state-run banks striking work in protest against the central government's banking policies, a union leader said on Thursday.

IDBI Bank on Monday said it has raised Rs 1,900 crore through two separate Basel-III complaint tier-II bonds on a private placement basis.

The government is planning to lower its stake in IDBI Bank as it wants the troubled lender to transform the way Axis Bank has done, Minister of State for Finance Jayant Sinha said on Tuesday.

The government, which is seeking new chief executives for five state-run banks that are currently without a permanent leader or have a departing boss, has for the first time appealed for private-sector applicants to step forward.

Almost all banks including country's largest lender State Bank of India and private sector ICICI Bank have lent to power plants that were put up based on coal from 214 coal blocks allotted since 1993.

Top private lender ICICI Bank on Tuesday raised yuan 650 million in an offshore Chinese debt market offering, merchant bankers associated with the bond sale said.

According to analysts, private banks continued to outshine their public sector peers on both profitability and asset quality in the January-March quarter, highlighting yet again poor risk management and recovery of the government-owned lenders.

RBI Deputy Governor K C Chakrabarty today said opening of new banks will not be easier this time around unlike in 1993-94 period, when a number of new lenders came up.

HSBC is likely to offload its entire 4.8% stake in two big private sector lenders Axis Bank and Yes Bank.

The Police on Wednesday arrested eight fraudsters for allegedly hacking into internet banking accounts and siphoning off the money into their own accounts. The police also seized a number of ATM cards, mobile phones and important documents from them. The gang comprising of eight members allegedly transferred an amount to the tune of Rs 25 lakh ove...

Kochi-based private sector lender Federal Bank doesn't fear much impact on its balance sheet due to the proposed debt restructuring of Air India.

Muthoot Finance Limited said it has filed a draft prospectus with BSE Limited for a public issue of secured non-convertible debentures of face value of Rs 1,000 each.