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 ...
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Tag: IDBI Bank
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 ...
Read moreIDBI 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 ...
Read morePotential 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 ...
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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 ...
Read moreIndia 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 ...
Read moreGovt 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 ...
Read moreGovt 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 ...
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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 ...
Read moreNo PSU norms for IDBI Bank after stake sale, clarifies govt
New Delhi: The government has clarified that IDBI Bank will not be subject to the requirements applicable to a state-run ...
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