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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

The complaint was lodged by IndusInd Bank in 2013 against Surya Vinayak Industries Ltd., its directors for cheating and committing fraud against to the tune of Rs.29.92 cr

CBI takes over probe against Surya Vinayak Industries Ltd in loan...

PGurus Newsdesk - July 23, 2023 0

Banking Secretary urged banks to organize workshops, seminars and financial literacy programs to create awareness among the street vendors about PM SVANidhi scheme

Centre asks public sector banks to expedite target achievement for current...

PGurus Newsdesk - July 21, 2023 0

ED seized digital evidence and incriminating documents including documents of properties suspected to be acquired out of the proceeds of crime

ED searches six places in Hyderabad in Rs.240 cr bank fraud...

PGurus Newsdesk - July 20, 2023 0

The UPI LITE account can be loaded with up to Rs.2,000 twice a day and allows users to do instant UPI transactions up to Rs.200

Google Pay rolls out UPI LITE in India to enable faster...

PGurus Newsdesk - July 13, 2023 0

The CBI alleged that the accused diverted the proceeds into accounts of related and associated companies without its end utilization, resulting in an alleged loss to the tune of Rs.91.92 crore to the bank

Pune-based firm booked by CBI in Rs.91.92 cr loan fraud case

PGurus Newsdesk - July 6, 2023 0

Card issuers and card networks shall ensure that they would follow the existing agreements at the time of amendment or renewal

RBI issues draft circular on issuance of debit, credit cards and...

PGurus Newsdesk - July 6, 2023 0

ED initiated PMLA investigation based on multiple FIRs registered in Pune against the ex-chairman and other directors, officials and loan defaulters

ED arrests ex-chairman of Seva Vikas Co-operative Bank in Rs.429 cr...

PGurus Newsdesk - July 5, 2023 0

Most of the Rs.2000 notes have returned through deposits, says RBI

76% of total Rs.2000 denomination notes in circulation returned to banks:...

PGurus Newsdesk - July 4, 2023 0

During the recovery process, Union Bank of India learned that a few mortgaged properties were sold by Horizon Solutions

CBI lodges FIR against Horizon Solutions for cheating Union Bank of...

PGurus Newsdesk - July 2, 2023 0

Reddy was taken into custody under the Prevention of Money Laundering (PMLA) by the federal agency's Hyderabad office, ED said

ED arrests T Venkattram Reddy, former promoter of Deccan Chronicle group...

Team PGurus - June 14, 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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