The strategic sale of IDBI Bank has reached the technical evaluation stage after bids from Fairfax and Emirates NBD fell below the reserve price. The government and LIC jointly hold 94.71% of the bank and aim to sell 60.72%.
The privatisation of IDBI Bank has been stalled for over three years, after the government and LIC invited expressions of interest in October 2022 to sell a combined 60.72 per cent stake
IDBI Bank organised a walkathon around LB Stadium in Hyderabad to commemorate Vigilance Awareness Week. The initiative aimed to foster awareness about anti-corruption practices and the importance of vigilance among staff, customers and the public.
The Centre and LIC together own nearly 95 per cent of the bank, and of this, 60.72 per cent is up for sale as part of the the government’s ongoing disinvestment plan
New Delhi: IDBI Bank has invited bids through e-auction for the sale of property of Great Indian Tamasha Company, which was running the Kingdom of Dreams in Gurugram. The Great Indian Tamasha Company was the corporate guarantor of the Great Indian Nautanki Company. IDBI Bank is calling for bids under the SARFAESI Act due to […]
IDH International Drilling Holdco Ltd (IDH), the Cypriot-registered parent company of the borrowers, gave a corporate guarantee in respect of the loan.
The soaring NPAs, despite several interventions like Dispute Resolution Tribunals, Asset Reconstruction Companies and Insolvency and Bankruptcy Code, now get another pill
Overwhelming majority of the bank branches remain closed and shutters are down, said C.H. Venkatachalam, General Secretary, All India Employees' Association (AIBEA).
About 10 lakh bank employees and officers are to participate in the strike called by the United Forum of Bank Unions, an umbrella body of nine associations and groups.
The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years
As part of the 'Aatmanirbhar Bharat Abhiyan' package, the government in May had announced that there will be a maximum of four public sector companies in the strategic sectors, and state-owned firms in other segments will eventually be privatised
