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...

The Modi government is banking on the initial public offer of the Life Insurance Corporation and the strategic sales of Bharat Petroleum Corporation Limited and Air India to meet its ambitious disinve...

LIC’s initial public offering (IPO) is likely after October this year, a top official said on Tuesday, laying out the government’s divestment calendar that includes completing the sale of ...

The government plans to set up a development finance institution (DFI) in the next three to four months with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrast...