Latest News, Updates & Breaking Headlines
MUMBAI: Kotak Bank’s statement that it is not in the race to acquire IDBI Bank would mean that the success of govt’s plan to sell IDBI Bank will depend upon the interest of foreign bidders. Kotak Bank, while never an official contender, was long seen as a potential acquirer given the bank’s high capital adequacy…
MUMBAI: IDBI Bank reported a net profit of Rs 1,935.5 crore for the quarter ended Dec 31, 2025, up 1.4% from Rs 1,908.3 crore a year earlier, aided by provision write-backs and improved asset quality. However, a sharp drop in core net interest income results in shares of the bank falling nearly 6%.Net interest income…
Mumbai: With less than a fortnight left for bids for IDBI Bank to close, the field has narrowed to Prem Watsa’s Fairfax Holdings and Kotak Mahindra Bank. The absence of a broader bidding war reflects not a lack of capital, but the complexity of integrating technology, HR culture and branch networks.Both bidders face material integration…
The government on Monday confirmed that there are no ongoing discussions or plans regarding the restructuring or combining of public sector banks.Pankaj Chaudhary, minister of state for finance, in a written reply to the Lok Sabha ruled out any such consideration and clarified, “presently, no proposal on merger or consolidation of Public Sector Banks (PSBs)…
