Indian banking regulator the Reserve Bank of India (RBI) has granted approval to Emirates NBD Bank (P.J.S.C) to acquire up to 74% stake in RBL Bank, marking a potential shift in ownership and strategic direction. The...
RBL Bank gets RBI nod for Emirates NBD stake buy; Sebi approval awaited
Private sector lender RBL Bank has received the Reserve Bank of India’s approval for its proposed deal with Emirates NBD Bank, according to sources familiar with the matter. Approval from market regulator Sebi is also...
CMS Info Systems acquires FSS’s ATM managed services business for Rs 115 crore
In a significant signal of consolidation in India’s ATM industry, CMS Info Systems — the country’s largest ATM and cash management company — has acquired the ATM Managed Services business of Financial...
Austria’s Raiffeisen to buy BBVA’s Romania unit for $680 million
Austria’s Raiffeisen Bank said on Saturday it would buy Garanti BBVA’s Romanian business for 591 million euros ($680 million), its first significant acquisition in recent years. The deal marks a turning...
Citigroup dismisses report of potential US regional bank acquisition
Citigroup on Friday dismissed as “baseless speculation” a Bloomberg News report that its top executives were weighing the acquisition of a U.S. regional bank, saying it remains focused on organic growth...
UAE Central Bank clears Emirates NBD-RBL deal
RBL Bank announced on Wednesday that Emirates NBD Bank has received approval from the Central Bank of the United Arab Emirates for its proposed acquisition of a majority stake in the Indian lender. The approval also...
Kotak Bank set to acquire Deutsche’s retail business in Rs 4,500-crore deal
Kotak Mahindra Bank is one step closer to acquiring the India retail business of Deutsche Bank in a deal valued at about Rs 4,500 crore after being selected as the preferred buyer, multiple people familiar with the...
Kotak Mahindra Bank arm KMCC to sell part stake in Infina for Rs 1,294 crore
Kotak Mahindra Bank on Saturday said its wholly owned subsidiary Kotak Mahindra Capital Company Limited has entered into definitive agreements to sell part of its stake in Infina Finance Private Limited for an aggregate...
UniCredit weighs three options to potentially sweeten Commerzbank bid, Il Messaggero says
UniCredit is weighing three options to potentially sweeten its all-share takeover offer for Commerzbank, Italian daily Il Messaggero reported on Sunday without citing sources. A representative for UniCredit referred...
Government likely to restart IDBI Bank privatisation process from scratch
The government is likely to restart the IDBI Bank privatisation process de novo, or from scratch, after financial bids received came in below the reserve price and the exercise was called off last week, according to...
IDBI Bank divestment scrapped? LIC, govt-owned bank clarifies after stock tanks
IDBI Bank on Monday said it cannot confirm or deny media reports suggesting the government may scrap the proposed majority stake sale in the lender, stating that the strategic disinvestment process is confidential and...
IDBI Bank sale may stall as bids trail reserve price
The strategic sale of IDBI Bank may stall as financial bids for the lender are lower than the floor price set by the government, people familiar with the matter said. The Centre may now need to halt the disinvestment...
