IDBI · NSE
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The All-India Bank Officers’ Association has urged Leaders of Opposition in the Lok Sabha and Rajya Sabha to intervene in the proposed strategic sale of IDBI Bank.
The timing of the announcement of the proposed strategic sale of a 60.72% stake in IDBI Bank is being worked out as the government weighs Fairfax Financial Holdings' revised offer and its valuation of the lender.
Shares of IDBI Bank tumbled 10.5 per cent on Tuesday, closing at ₹81.22 on the NSE, as prolonged uncertainty over the government’s proposed stake sale continues to weigh on investor sentiment.
Fairfax Financial Holdings is considering selling its IIFL Finance stake to support its planned acquisition of IDBI Bank Ltd.
Fairfax Financial Holdings Ltd. is considering selling its entire stake in IIFL Finance Ltd. as it moves towards a proposed acquisition of IDBI Bank Ltd.
IDBI Bank launched an FCNR(B) Special Opportunity Deposit with Structured Loan Facility offering dollar deposit rates of up to 6.60% for deposits above $5 million with three to five year maturities and allowing customers to borrow up to 12 times their deposit amount with a minimum investment of…
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