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The United Forum of IDBI Officers and Employees says the proposed Fairfax deal requires greater transparency and parliamentary oversight
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IDBI Bank employees’ forum opposes majority stake sale to Fairfax, seeks...

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IDBI privatisation row deepens as employees challenge Fairfax deal United Forum of IDBI Officers and Employees on Thursday opposed the proposed sale of a majority...
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
Banking

IDBI Bank: Government & LIC disinvest 60.72% shares for Rs.52,828 crore...

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IDBI Bank gets new owner: Fairfax secures controlling stake Union Cabinet on Wednesday approved the sale of a 60.72 percent stake in IDBI Bank to...
Division bench reinstates proceedings by PSU banks to classify Reliance Communications’ accounts as fraud, declines stay for Supreme Court appeal
Law and Order

HC quashes order staying proceedings against Anil Ambani to classify his...

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Bombay HC sets aside interim relief to Anil Ambani in bank fraud classification case In a setback to industrialist Anil Ambani, the Bombay High Court...
The CBI initiated raids in Mumbai and Bhopal after IDBI Bank lodged a complaint of embezzlement against a private company and associates, leading to a loss of Rs.63.71 cr
Banking

CBI lodges FIR against private firm, others for causing Rs.63.71 cr...

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Probe agency raids sites in Mumbai, Bhopal as IDBI bank reports Rs.63 crore loss The Central Bureau of Investigation (CBI) has filed an FIR against...
The accused Unitech founders are facing another CBI probe pertaining to alleged fraud in the Canara Bank
Banking

Unitech, promoters booked by CBI in fresh bank fraud case of...

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CBI files fresh fraud case against Unitech, its former directors The Central Bureau of Investigation (CBI) has filed a new case against the real estate...
Another bank that the UPA-era government used as its cash machine is being put up for sale
Banking

Government approves sale of IDBI Bank. Rs.60,000 crore expected from sale...

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Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the sale of IDBI Bank (Industrial Development Bank of India) by divesting the Government...

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