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Procedural delays likely in IDBI Bank stake sale; bids expected in Q3

The strategic sale of government and state-owned Life Insurance Corporation (LIC) of India stakes in IDBI Bank might encounter procedural delays, potentially pushing the timeline for expected......

Banks alert customers about mobile banking malware targeting over 200 apps

Several Indian banks have alerted their customers not to download apps from any source other than official app stores. Illustration: Dominic Xavier/Rediff.com Banking customers are being targeted......

Will the entry of PEs into banks lead to better governance?

In recent years, the conduct of a few private banks’ corner-room occupants and the role of their boards have come into sharper relief. Raghu Mohan reports. Illustration: Uttam......

LIC Housing or IDBI has to stop home loan biz by Nov 2023

With Life Insurance Corporation (LIC) becoming a parent company of both IDBI Bank and LIC Housing Finance, either of the subsidiaries will have to wind down its home loan business in the next 20......

Borrowers spoilt for choice as banks cut loan rates

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts. Illustration: Uttam Ghosh/Rediff.com Banking giants State Bank of......

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