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Fairfax will acquire the government and LIC’s combined 60.72% stake in IDBI Bank for Rs.52,877.07 crore, subject to regulatory approvals

IDBI Bank: Government & LIC disinvest 60.72% shares for Rs.52,828 crore to Canada Inc., a subsidiary of Fairfax

Team PGurus - October 14, 2026

Latest action follows years of regulatory restrictions and the cancellation of PPBL’s licence

RBI removes Paytm Payments Bank from list of scheduled banks

Sandeep Mistry’s arrest adds a new chapter to the long-running Nirav Modi investigation

PNB scam: CBI arrests Nirav Modi’s aide Sandeep Mistry after deportation from UAE

The FIR claims the borrower companies later defaulted, resulting in an alleged loss of over Rs.1,322 crore to LIC Housing Finance

CBI registers case against Subhash Chandra for cheating LIC Housing Finance for net worth hype to secure Rs 1,322-cr in loans

Public sector lenders have decided to challenge the NCLT order approving Subhash Chandra's repayment plan before the NCLAT

Banks to challenge NCLT’s order allowing Subhash Chandra’s repayment plan reduction from Rs.22,000 crore to Rs.6.25 crore

CBI received a complaint in this connection from the Punjab National Bank on March 13 this year

CBI books 2 Ghaziabad-based firms in Rs.8.75 cr bank loan fraud...

PGurus Newsdesk - August 20, 2023 0

The deposits in these accounts are above Rs 2.03 lakh crore and about 34 crore RuPay cards have been issued in these accounts free of cost

Over 50 cr Jan Dhan accounts opened in 9 yrs since...

PGurus Newsdesk - August 19, 2023 0

The web portal will help users identify and approach their banks for either claiming unclaimed deposits or making their deposit accounts operative at their banks, the RBI said

RBI launches website to help people locate unclaimed deposits across multiple...

PGurus Newsdesk - August 17, 2023 0

Despite upwardly revising inflation forecasts, the RBI stayed away from outright tightening of the monetary policy in August

Symbolic RBI rate hike to have adverse implications for equity markets

PGurus Newsdesk - August 17, 2023 0

India’s lengthy legal processes remain a major impediment to the implementation of an effective framework for bankruptcy and resolution, says the credit rating agency

Indian banks’ operating environment stronger, but structural issues continue to affect:...

PGurus Newsdesk - August 16, 2023 0

RBI to launch pilot project for public tech platform for frictionless credit on Aug 17

RBI to launch pilot project for public tech platform for frictionless...

PGurus Newsdesk - August 14, 2023 0

The CBI had taken over the investigation on the request of Bihar government

CBI nabs Rajni Priya, key accused in Rs.1,000 cr Srijan scam

PGurus Newsdesk - August 11, 2023 0

The platform is intended to be rolled out as a pilot project in a calibrated manner

Reserve Bank Innovation Hub to introduce platform for end-to-end frictionless credit...

PGurus Newsdesk - August 10, 2023 0

The agency had filed a charge sheet in 1996, which resulted in Gupta being sentenced to three-year simple imprisonment in 2010 along with two other co-accused

CBI brings back absconding bank fraud convict from US, arrested on...

Team PGurus - August 9, 2023 0

Issues related to Indian and US priorities in addressing global debt challenges, joint efforts to advance the clean energy transition were discussed

India, US discuss G20 cross-border payments, global debt challenges

PGurus Newsdesk - August 8, 2023 0

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BOOKS

Why the race for chips and critical minerals is reshaping the global order

Book review: An introduction to the world of chips, microprocessors &...

A strongly critical response to Under a Saffron Sky and challenges the ideological framework through which it argues the book interprets India

Book review: Ismat Ara’s ‘Under a Saffron Sky’

Skip Farmer Power—You'll lose nothing. Read it—You'll lose your time

Farmer Power: An outdated ideology

An examination of how competing historical narratives, political ideologies and academic interpretations have shaped public understanding of India's past since Independence

Book review: Eminent historians exposed again

Keigo Higashino's 'Guilt' delivers a gripping crime mystery, while Sudha Murty's 'The Gopi Diaries' celebrates innocence, family and the timeless bond between humans and pets

Book review: One solves murders, the other steals hearts

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