IDBI Bank
Finance
LIC-owned IDBI Bank to shed non-core assets, NPAs as part of turnaround plan
IDBI Bank and its new majority shareholder, state-owned Life Insurance Corporation of India (LIC), have chalked out a plan which ......
Finance
Why the latest capital infusion into ailing government banks may not help much
On Wednesday, the government approved an infusion of Rs 48,239 crore ($6.8 billion) into 12 state-run banks, as part of ......
Finance
HDFC Bank to acquire Bank of Baroda's stake in Clearing Corporation
HDFC Bank, India’s most valued lender, has agreed to buy state-run Bank of Baroda’s stake in Clearing Corporation of India ......
Finance
India Alternatives, IIFL pre-IPO fund back financial services company
Private equity firm India Alternatives Investment Advisors Ltd and IIFL Asset Management Pvt. Ltd have invested in a financial services ......
Finance
Top IDBI Capital exec quits to join private-sector bank
A top executive at IDBI Capital Markets & Securities Ltd has quit to join a Mumbai-based bank, in the latest ......
Finance
Why taking over IDBI Bank may be a bad deal for LIC
When all else fails, complicate matters. Aaron Allston, the American science fiction author best known for Star Wars novels, is ......
Finance
LIC board approves taking majority stake in IDBI Bank
The Life Insurance Corporation of India's board has approved raising its stake in state-run IDBI Bank to 51 percent, Economic ......
Manufacturing
Reliance Naval and Engineering looks to offer one-time settlement to lenders
Reliance Naval and Engineering Ltd, the defence business of Anil Ambani-led Reliance Group engaged in shipbuilding, is in talks to ......
Finance
From diamond merchants to fish farmers, why is defrauding Indian banks so easy?
Are Indian bankers sloppy? Are they corrupt? Or is it just dumb luck that India’s banking sector is in the ......
Finance
State-run IDBI Bank discloses $119 mn fraud
IDBI Bank Ltd said on Tuesday fraudulent loans of 7.72 billion rupees ($118.8 million) were issued from five of its ......
