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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

Govt.-RBI Spat. What are the ramifications?

Govt.- RBI Spat. What are the ramifications?

Sudip Bhattacharyya - November 7, 2018 1

The retail portfolio accounts for just 1% of the bank's total NPA while it is 10.91% for the total advances.

Banks to focus on retail advances for business growth

Sudip Bhattacharyya - October 13, 2018 2

With elections approaching, the problem of NPA loans is tricky to solve, in the specific instance of those given to Private Power companies

NPA resolution – A case of the left hand giving the...

Sree Iyer - August 28, 2018 1

A look at how Chidambaram was the Rain Maker for his party. Finance Ministry must have been a hobby.

P7 – What is Chidambaram really worth?

Sree Iyer - July 16, 2018 17

Is the ICICI Chairman appointment a validation of the saying to set a fox to guard the hens?

Ali Baba III – new Chairman of ICICI – Old Wine...

Team PGurus - June 30, 2018 3

Using his father's connections and his gift of gab, Ajay Shah managed to become a critical cog in the cozy club that ran India's Finance and Markets

P3 – Create a little world of friends and relatives, to...

Sree Iyer - June 22, 2018 1

A small set of individuals along with Ajay Shah helped shape India's markets

How Ajay Shah shaped the narrative

Sree Iyer - June 20, 2018 2

Despite being named in the CBI charge sheet in a case of High-Frequency Trading Ajay Shah has not stepped down from any of his positions

Ajay Shah, an essential cog in the wheel of C-Company P1...

Sree Iyer - June 13, 2018 5

The government has constituted a committee of bankers to examine various mechanisms to tackle the problem of non-performing assets (NPAs) of PSBs

Banking: When you avoid the straight and narrow path

Ravi Shanker Kapoor - June 11, 2018 1

10 reasons why KPK, a PC acolyte should not be made Deputy Governor

Urjit Patel, Beware of the spy in the garb of new...

Sree Iyer - May 24, 2018 11

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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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