The Finance Ministry on Friday denied media reports which claimed that the disinvestment process in IDBI Bank has been deferred and said that the transaction […]
Tag: IDBI Bank
SMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale
Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the […]
Government likely to get financial bids for IDBI Bank sale by September, DIPAM Secy says
Financial bids for IDBI Bank’s strategic sale is expected to be received by the government in September, said DIPAM Secretary Tuhin Kanta Pandey. Several global […]
IDBI Bank divestment process to complete in FY24: DIPAM Secy
The divestment process of IDBI Bank will complete in the fiscal year 2023-24, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey […]
Potential bidders seek tax benefits on IDBI’s losses
Potential IDBI Bank bidders have asked the government for tax benefits from the accumulated ₹45,000 crore losses to accrue to the acquiring entity in case […]
Banks write off loans worth Rs 11.17 lakh crore in last 6 years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed […]
India plans tax waivers for IDBI Bank buyer
The Indian government is likely to waive some tax norms for the buyer of IDBI Bank in a bid to attract more suitors for a […]
Govt extends deadline for IDBI Bank sale bid submission till January 7
The government has extended the deadline for IDBI Bank privatisation till January 7. The government had invited bids for its sale in October. The government […]
Govt to allow foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a […]
IDBI Bank to continue as ‘Indian private sector bank’ post strategic sale
IDBI Bank will continue to operate as an ‘Indian private sector bank’ after its strategic sale and the government’s residual 15 per cent stake in […]