Around 6,800 cases of bank have been caught in a whopping Rs 71,500 crore fraud in 2018-19, the Reserve Bank of India has said. A total of 5,916 such... Read more »
The IDBI Bank’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed... Read more »
LIC completed acquisition of 51% controlling stake in IDBI Bank today on 21st January 2019, making it the majority shareholder of the bank. The deal, conceptualized in June 2018,... Read more »
The government is likely to recapitalise some state-run banks in urgent need by up to Rs 10,000 crore within a few days to help them meet regulatory capital requirements,... Read more »
State-run IDBI Bank on Tuesday said it will seek rgw central government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden... Read more »