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In a move that has caused a stir among financial institutions, ICICI Bank has unilaterally invoked the pledged shares of Jaiprakash Associates Ltd (JAL) to settle part of its outstanding loans. This...
IDBI Bank has updated its fixed deposit interest rates for deposits below ₹2 crore (approx. $240,295), effective from Sunday. The revised rates span various maturity periods, with the general public...
The National Company Law Appellate Tribunal (NCLAT) has postponed its hearing to December 6, 2023, regarding IDBI Bank's plea to initiate insolvency proceedings against Zee Entertainment Enterprises...
In a significant move, IDBI Bank has announced its intention to sell bad loans valued at ₹8,843 crore ($1.19 billion), which includes a dozen cases such as VOVL, JAL, and Wind World. This represents...
IDBI Bank has lodged a petition against Mumbai Metro One Private Limited (MMOPL) under the Insolvency and Bankruptcy Code (IBC) for the recovery of Rs 133.37 crore ($18 million) in dues. This follows...
The merger between Zee Entertainment and Culver Max Entertainment (formerly Sony (NYSE:SONY) Pictures Networks India) is currently under scrutiny by the National Company Law Appellate Tribunal...
The ongoing merger dispute appeals involving Axis Finance and IDBI Bank against Zee Entertainment and Culver Max Entertainment, formerly known as Sony (NYSE:SONY) Pictures Networks India, have...
Indian banking stocks, including ICICI Bank, Kotak Mahindra Bank, Yes Bank, RBL Bank, and IDBI Bank, are set to react to their released Q2FY24 results today amid predicted lower market openings due to...
The Indian government and Life Insurance Corporation (LIC) are actively proceeding with their plans to divest a 61% stake in IDBI Bank, a move that has drawn several Expressions of Interest (EOI), as...
The Indian government's revised regulations for the asset valuer role at IDBI Bank could hasten the proposed state-equity sale, announced on Friday. Initially, the Request For Proposal (RFP) had...
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