Most of the merchant bankers who had submitted bids to facilitate the strategic sale of LIC-controlled IDBI Bank has indicated a time-frame of one year to complete the elaborate process, sources said....

As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank.  These firms would make a virtual presentation before the dep...

The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval to the initial public offer of Life Insurance Corporation, with the listing of the shares expected by the end of th...

IDBI Bank has secured a $239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group, among one of the largest debt jud...

Shares of IDBI Bank on Thursday rallied almost 7 per cent after the Centre gave an in-principle approval for strategic divestment along with transfer of management control in the lender. The IDBI Ban...

The government has given an in-principle approval for the strategic disinvestment of IDBI Bank along with transfer of management control, paving the way for both the government and Life Insurance Corp...

Kotak Mahindra Bank’s net profits rose 33 per cent for fourth quarter ended March 31 to Rs 1,682.37 crore from Rs 1,266.60 crore a year ago. However, this number came a tad below analyst estimat...

The Modi government is set to step on the gas to achieve its  ambitious Rs 1.75 lakh crore disinvestment target for 2021-22 with the Union cabinet expected to set the ball rolling on the privatis...

The Reserve Bank of India (RBI) on Wednesday lifted the tough restrictions on the operations of IDBI Bank under its prompt corrective action (PCA) framework. IDBI Bank was put under the central bank&...

LIC-controlled IDBI Bank will set off its accumulated losses worth Rs 45,586 crore against the balance in the securities premium account, according to the bank’s draft scheme.  Its accumul...