Idbi Bank Privatization

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  Centre To Allow Foreign Funds To Own Over 51% In IDBI Bank

  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.

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  CBI Files Case Against 5 For Causing Loss Of Rs 168.62 Crore to IDBI Bank

  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.

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  IDBI Bank Staff Seek Option To Shift To Other Private Sector Banks: Report

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

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  Bank Operations Hit As 10 Lakh Employees On Strike

  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.

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  IDBI Bank Raises Rs 1,900 Crore via Bonds

  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.

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  Government Plans to Privatize IDBI Bank: Jayant Sinha

  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.

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  Government Signals Private-Sector Chiefs Could Run PSU Banks

  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.

• Coal Block Verdict: Banks With Rs 1 Lakh Crore Exposure Sitting on Mine of Worries

  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.

• ICICI Bank raises $106 million through bond sale

  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.

• Public-sector banks continue downslide in Q4, private banks shine again

  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.

• Opening new banks will not be a 'cakewalk': RBI deputy governor

  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.

• Top 10 stocks to track in trade today

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

• Eight held for internet-banking fraud in Indore

  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...

• AI debt recast: Federal doesn't see much impact on balance sheet

  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 to raise Rs 500-cr via public issue of NCDs

  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.