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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

In 2022, UPI clocked over 74.05 billion transactions in volume and Rs.126 trillion in terms of value

India saw 88 billion payment transactions worth Rs.150 trillion in 2022,...

PGurus Newsdesk - April 17, 2023 0

India's bilateral trade with China fell by 1.5 percent in 2022-23 to $114 billion, compared to $115 billion in 2021-22

A surge of 8% in trade between India and the US;...

PGurus Newsdesk - April 17, 2023 0

The banking sector displayed a 45 percent YoY growth fueled by the expansion of digital banking services in the rapidly evolving global economy

Job vacancies in India’s banking, financial services and insurance sector see...

PGurus Newsdesk - April 3, 2023 0

Interest rates and PPF interest rates have been kept unchanged at 4 percent and 7.1 percent

Centre hikes interest rates on most small saving schemes for June...

PGurus Newsdesk - March 31, 2023 1

The money laundering case of 2020 stems from an FIR filed by the Bengaluru Police against the defaulters and the promoters of the bank

ED attaches Rs.114.19 cr assets of Sri Guru Raghavendra Sahakara Bank’s...

PGurus Newsdesk - March 28, 2023 0

The top court emphasized the importance of the principles of natural justice while classifying an account as fraudulent by banks

SC directs banks to grant opportunity of hearing to borrowers before...

PGurus Newsdesk - March 27, 2023 0

The immovable property is named Ambience Tower and it belongs to a company called Ambience Towers Pvt Ltd, a firm of the Ambience Group promoted by Raj Singh Gehlot

Bank fraud: ED attaches Rs.252 cr worth ‘Ambience Tower’ in Delhi’s...

PGurus Newsdesk - March 24, 2023 0

A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad granted time to RBI for filing a response

Delhi High Court grants six weeks to RBI to file reply...

PGurus Newsdesk - March 21, 2023 0

The central agency arrested Vinay Aranha under PMLA on March 10 and he is presently under ED Custody till March 20

Cosmos bank loan fraud: ED attaches properties of Rosary Education Group,...

PGurus Newsdesk - March 20, 2023 0

The Apex Court's order came on a plea by the SBI against the Bombay High Court orders dated March 10 and March 14

SBI loan fraud: Supreme Court stays Bombay HC order allowing UIL...

PGurus Newsdesk - March 17, 2023 1

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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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