A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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The 60.72% stake in IDBI Bank is being sold by the government and Life Insurance Corporation (LIC), for which they had invited bids for in October. The last date for which was set for December 16 and later extended to January 7.
8:02 PM
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The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender, alongside state-owned Life Insurance Corp of India (LIC), which will sell a 30.24% stake from its holding of 49.24% in the bank.
7:09 PM
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12:04 PM
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Investment banking in India decreased in fees by 16% in 2022, making it the lowest annual tally since 2018. Fees collected by investment bankers in 2022 from activities tied to equity markets was 989 million, which was less than the 12 billion fees collected in 2021 and 11 billion fees collected in 2020.
7:02 AM
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The regulator will not grant permission to any of the six consortiums to commence business as all of them have fallen short of the RBI's expectations, said people familiar with the matter.
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