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Wednesday, April 29, 2026

Govt revives strategic sale of IDBI Bank after scrapping bids

The government has revived the strategic sale of its stake in IDBI Bank, along with LIC's holding, after previous bids were rejected. A fresh valuation is underway, with officials considering whether to re-engage existing bidders or restart the process to expedite the sale and maintain investor confidence.

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Tuesday, April 28, 2026

RBI lays out the Saksham roadmap for cooperative banks



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RIL, Axis Bank & more: Top stocks to watch today

Goldman Sachs maintained a buy rating on Reliance Industries, citing potential margin recovery and strong retail growth despite a Q4FY26 EBITDA miss. Nomura also holds a buy on Axis Bank, highlighting attractive valuations and strong loan growth. HSBC recommends buying Shriram Finance, anticipating RoA expansion despite revised AUM growth forecasts.

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Banks to report all related party forex derivative transactions: RBI



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Set aside funds for likely defaults, RBI tells banks

The Reserve Bank of India has finalised new rules requiring banks to provision for expected loan losses from April 2027, shifting to a forward-looking approach. While stricter than current practices, the norms are less stringent than initially proposed, with a wider scope including small finance banks. Banks will have until March 2030 to fully implement the changes for existing loans.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mvoOTx0
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