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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

SRO is expected to adhere to a set of overarching objectives for betterment of the sector they represent

RBI lays framework for recognizing self-regulatory organizations

PGurus Newsdesk - March 22, 2024 0

The bank admitted that the timeline of three weeks fixed by the court in its judgment would not be sufficient for the entire exercise to be completed

SBI seeks time up to June 30 to submit details of...

Team PGurus - March 4, 2024 0

Central govt subsidy on loans to farmers jumps over 5-fold to Rs 1.3 lakh crore in 2014-2023

Central govt subsidy on loans to farmers jumps over 5-fold to...

PGurus Newsdesk - February 29, 2024 1

RBI asks NPCI to look into One97 Communication's plea to become TPAP for UPI usage

RBI says Paytm handles to migrate seamlessly from PPBL to other...

Team PGurus - February 23, 2024 0

Paytm bank given until March 15 to stop accepting new deposits

RBI extends Paytm Payments Bank transaction curb deadline to March 15....

Team PGurus - February 16, 2024 0

The collaboration between India and Nepal in linking their fast payment systems through the UPI-NPI linkage will further deepen financial connectivity

RBI inks pact with Nepal Rastra Bank for UPI link

PGurus Newsdesk - February 15, 2024 0

Shaktikanta Das says RBI is supportive of the fintech sector, but customer interest, and financial stability are of prime importance

RBI Governor says no review of action taken against Paytm Payments...

Team PGurus - February 12, 2024 1

The Fed confirmed in a statement that it was holding its benchmark lending rate steady at its 23-year high, between 5.25 and 5.50 percent

US Federal Reserve Bank keeps interest rate unchanged for fourth time...

PGurus Newsdesk - February 1, 2024 0

Rohit Pawar was issued fresh summons by the ED in the alleged multi-crore Maharashtra State Cooperative scam

ED summons NCP leader Rohit Pawar in MSCB scam case

PGurus Newsdesk - January 19, 2024 1

ED has said that the promoters, directors, and officials of Bhushan Steel were engaged in fraudulent activities

Delhi Court sends 5 accused to ED custody in Rs.56,000 cr...

PGurus Newsdesk - January 13, 2024 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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