The Reserve Bank of India told IDBI on Tuesday to acquire the distressed United Western Bank, which the central bank had put under moratorium by the RBI on September 2.In the process, IDBI bested a......
Ignoring a government advisory, IDBI Bank has moved to a variable pay structure for its officers, who will now have a 70 per cent fixed salary component.In the process, it has become the first......
After acquiring United Western Bank three years ago, IDBI Bank is now once more on the prowl for acquisitions. The bank has identified two Indian lenders as possible acquisition targets, its......
Kotak Mahindra Bank's acquisition of ING Vysya Bank is the country's first ever amalgamation of a profit earning entity post the global financial meltdown in 2008. Although two more mergers......
The Reserve Bank of India has issued a fresh directive to banks having less than the required capital to address ownership issues and take steps to increase their net worth to a minimum of Rs 300......