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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

Aadhaar e-KYC service continues to play a

Aadhaar authentication shows rise of 19.3%; records 1.96 billion transactions in...

PGurus Newsdesk - May 23, 2023 0

On May 19, the RBI said it will withdraw all the Rs.2000 banknotes as a part of its clean note policy and added that it will continue to be a legal tender

RBI Governor says most Rs.2000 notes will come back from circulation...

PGurus Newsdesk - May 22, 2023 0

ED initiated a PMLA investigation based on an FIR registered by Pune police against Vinay Aranha of Rosary Education Group and others for loan fraud

Bank loan fraud: ED attaches immovable properties worth Rs.121.81 cr, movable...

PGurus Newsdesk - May 20, 2023 0

About 89 percent of the 2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years

RBI withdraws Rs.2000 notes from circulation; to continue as legal tender

PGurus Newsdesk - May 19, 2023 0

PM Jan Dhan Yojana has helped the Govt of India make inroads in rural areas and bring underprivileged sections of society under the banking net

PM Jan Dhan Yojana speedily narrows banking gap in India, empowers...

PGurus Newsdesk - May 18, 2023 0

Sound policies of RBI, adherence to international regulatory norms provide Indian banking system the resilience to face the bolt of the turbulent Western winds

Amid looming global banking crisis, Indian banking system shown impressive resilience

PGurus Newsdesk - May 16, 2023 1

The accused persons showed fictitious sales/ purchase transactions, fudged the accounts and siphoned off the funds, resulting in non-payment of outstanding loans

CBI files FIR against Loha Ispaat in Rs.1,017 cr bank fraud

Team PGurus - May 15, 2023 1

Govt emphasized that sponsor banks, in partnership with NABARD, need to proactively handhold their respective RRBs for facilitating technology adoption

Government directs regional rural banks to achieve viability plan targets within...

PGurus Newsdesk - May 13, 2023 0

Strange that India’s media is silent on the fines levied on one of their own, TImes of India and Samir Jain - mistake is a mistake

SEBI slaps fine of Rs.36 crore on Times of India owner...

Team PGurus - May 7, 2023 1

As per reports, the woman is forced to physically collect her pension as her thumbprint doesn't match her records

Sitharaman asks SBI to ‘act humanely’; tags video of an old...

PGurus Newsdesk - April 21, 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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