The decision of the Narendra Modi government to divest a small part of its stake in the Life Insurance Corporation of India has sent the stock markets into a tizzy. If and when it happens — probably...

The government plans to release Rs 28,615 crore soon to a clutch of seven weak state-run banks through recapitalisation bonds.Sources said Bank of India would get the largest share of Rs 10,086 crore,...

When the judgment in the Vijay Mallya case came after a two-hour delay at Westminster Magistrates’ Court on Monday, chief magistrate Emma Arbuthnot got straight to the point: “I am ordering extrad...

LIC-owned IDBI Bank on Thursday followed in the footsteps of its peers by reducing lending rates by 5 basis points across most tenors. The revised rates will be effective from Friday.The new one-year ...

The Reserve Bank of India (RBI) has put its foot down on a proposal submitted by IDBI Bank for a change in its name following the transfer of a 51 per cent stake to Life Insurance Corporation (LIC) fr...

North Block is worried the continued losses suffered by IDBI Bank and the erosion of LIC’s investment in the lender, made at its insistence, may force it to eventually step in with rescue capital or...

The lenders of Jet Airways have received only three bids for sale of the grounded airline’s stake, with equity partner Etihad Airways not submitting a bid on the last day of the extended bidding pro...

Manish Prasad, 25, received the shock of his life on Saturday evening when he received a text message that Rs 36,000 had been debited from his bank account.The Kadma resident and insurance sector empl...

As Vijay Mallya left the Westminster Magistrates’ Court on Monday, he was repeatedly asked if he planned to lodge an appeal.It may well be the case that his lawyers will advise him that the judgment...

Private sector lender Lakshmi Vilas Bank (LVB) has reported a disappointing set of numbers for the September quarter of 2019, with net loss widening to Rs 357.18 crore even as asset quality deteriorat...