The Government of India and the Life Insurance Corporation of India (LIC) will together divest 60.72 per cent stake in IDBI Bank. The government on Friday invited the expression of interest for the divestment of stakes in the bank.
Net Interest Income improved by 9 per cent for Q2FY22 to Rs 1,854 crore as against Rs 1,694 crore for Q2-2021, as per reports.
On September 4, RBI mandated banks to link fresh retail loans to an external benchmark like repo-rate. The move is aimed at including fresh retail and MSME loans from October 1 where home and auto loans will get cheaper.
The interest rate on the new home loan and auto loan variant will be directly linked to the repo rate and thereby help in quick monetary transmission.
Recently, we witnessed the strange spectacle of our largest insurance company asking for the Government’s permission to take over an…
A day after the Board of Insurance Regulatory and Development Authority of India (Irdai)permitted the State-owned major Life Insurance Corporation…
Dubbing the Modi government a ‘one-scam-a-day government, the Congress on Thursday demanded that Prime Minister Narendra Modi and Finance Minister…
The Central Bureau of Investigation (CBI) has booked 41 persons including three officials of the Industrial Development Bank of India…
The Enforcement Directorate (ED) on Wednesday filed its first charge sheet against beleaguered businessman Vijay Mallya in the IDBI-KFA bank…
State-run UCO Bank on Friday said Reserve Bank of India (RBI) initiated prompt corrective action for the bank in view…
