The government is planning to complete the divestment process for IDBI Bank before January 2022.
Arcil was incorporated in 2002 and is owned by banks like SBI, IDBI, ICICI, PNB and strategic foreign investors such as Avenue India Resurgence Pte Ltd.
The lender in a notice said the free transaction limits for select facilities and lock discounts offered to individual savings bank customers are being revised from July 1, 2021.
The comparison may not be entirely apt as the number of banks reduced from 17 to 10 in FY21 due to mergers and also due to privatisation of IDBI Bank.
IDH International Drilling Holdco Ltd (IDH), the Cypriot-registered parent company of the borrowers, is disappointed with the judgment and is considering its position with regard to an appeal.
The CBI has alleged that the firm, based in Guwahati's Betkuchi, submitted false and fabricated documents to secure over Rs 64 crore bank loan to purchase vehicles.
People, process and technology are the key drivers for delivering customer service, SIDBI said in an advertisement on Monday.
Centre and LIC together own more than 94 per cent of equity, LIC to reduce shareholding and relinquish control
The extent of respective shareholding to be divested by the central government and LIC shall be decided at the time of structuring of transaction in consultation with the RBI.
The bank, which came out of the RBI's prompt corrective action framework earlier in March this year, said its turnaround strategies led to the transformation.
Small Industries Development Bank of India (SIDBI) is the principal financial institution engaged in the promotion, financing, and development of micro, small & medium enterprises.
The lender said that she has more than 17 years of experience in the board and secretarial department of IDBI Bank Limited.
The government has already invited the Expression of Interest for Air India, BPCL and Shipping Corporation of India, while it hopes to complete disinvestment of IDBI Bank, Neelanchal Ispat Nigam etc.
In a new twist to the proposed LIC-IDBI Bank deal, the lender’s interim boss B Sriram has said the insurer will have management control in the bank. Till now, it was believed LIC would acquire 51 per
LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.