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LIC Cards launches prepaid gift card Shagun
Hyderabad LIC Cards Services Ltd (LIC CSL) in collaboration with IDBI Bank, has launched a contactless prepaid gift card, Shagun, on the RuPay...
'IDBI Bank has a positive RoA for last 4 quarters'
IDBI Bank was placed under Prompt Corrective Action (PCA) by RBI in May 2017
FinMin pulls up RBI over IDBI Bank's PCA issue
Subsequently, RBI takes the bank out of PCA framework; The bank reports better results for three quarters in a row, closes 2019-20 on positive note
Govt expects to complete Air India, BPCL sale in Q1 FY22
With a renewed push to its disinvestment policy, the Centre expects to complete the much-delayed privatisation of Air India and Bharat Petroleum...
Risk of a sharp fall in Indian banks' asset quality has receded
The Indian government's support measures for bank borrowers have softened growth in non-performing loans (NPLs), averting the risk of a sharp...
Disinvestment target at Rs. 1.75 trn
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public-sector companies and financial institutions, including two PSU banks...
IDBI still under PCA despite making profits
The good news is that the state-owned IDBI Bank has been registering profits for past couple of quarters in a row.