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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

Total value of the Rs.2000 banknotes in circulation was Rs.3.56 lakh cr at the close of business on May 19, 2023

RBI says 97.38% Rs.2000 banknotes have been returned

PGurus Newsdesk - January 1, 2024 0

The case recently came to limelight after Patiala House Court ordered Delhi Police to initiate an investigation

Chanda Kochhar, 10 others booked for ‘cheating’ tomato paste company leading...

PGurus Newsdesk - December 28, 2023 0

Congress leader, others are accused of flouting norms by diverting the cooperative bank's funds to private entities

Maharashtra Congress leader found guilty in Nagpur co-op bank’s Rs.150 cr...

PGurus Newsdesk - December 22, 2023 0

Massive surge in Digital payments in Ayodhya as city gears up for Shri Ram Mandir consecration ceremony

Ayodhya sees a massive surge in digital payments as city gears...

PGurus Newsdesk - December 22, 2023 0

The RBI's move is aimed at stopping banks and NBFCs from using the AIF channel as a way to artificially sustain or extend the life of their loans

RBI tightens rules for banks, NBFCs’ investments in Alternate Investment Funds

PGurus Newsdesk - December 19, 2023 0

RBI’s action is based on deficiencies in regulatory compliance

RBI imposes fine on 1 bank in Mumbai and 3 in...

PGurus Newsdesk - December 15, 2023 1

CBI conducted searches at around 13 locations including at Kolkata and in Karnataka's Mangaluru at the premises of accused and others

CBI searches 13 locations in 2 states over Rs.820 cr IMPS...

PGurus Newsdesk - December 5, 2023 0

The ED said that during probe it was found that all the accused persons had managed to

ED arrests J&K State Co-operative Bank’s ex-Chairman in Rs.250 cr PMLA...

PGurus Newsdesk - December 2, 2023 0

Shaktikanta Das said that many lenders were depending too much on the algorithms to make their decisions and there was a need to analyze data more carefully before making investment decisions

RBI Governor expresses concern over high dependence of NBFCs on bank...

PGurus Newsdesk - November 22, 2023 0

The court issued notices to the branch manager and general manager to explain why the bank pursued legal action against a deceased individual

Delhi Court dismisses SBI’s suit against deceased loan defaulter

PGurus Newsdesk - November 17, 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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