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...
UK’s Savills buys Eastdil Secured for $1.1 billion to expand US presence but Middle East tensions hit shares
UK’s Savills said on Thursday it would buy real estate investment bank Eastdil Secured in a $1.1 billion deal, including debt, as it looks to expand in North America and deepen its capital-markets presence...
French bank Credit Agricole agrees to buy Ukraine’s Bank Lviv
French bank Credit Agricole has agreed to buy Ukraine’s Bank Lviv, it said on Wednesday, adding that the deal formed part of its strategy of supporting the reconstruction of Ukraine’s economy, which has...
Italy’s MPS, Mediobanca approve merger plans after boardroom crisis
Italian banks Monte dei Paschi di Siena (MPS) and Mediobanca have approved steps toward a full merger, after tensions among shareholders and directors over the plan led the MPS board to vote against retaining its CEO...
Buyout group CVC eyes stake in Belgian bank Belfius ahead of possible IPO, sources say
European private equity group CVC is weighing buying a stake in state-owned Belgian bank Belfius ahead of its possible listing, two people familiar with the matter told Reuters. The government is planning to sell a...
Board of ICICI Bank approves acquisition of up to 2% additional stake in ICICI Life
At the meeting held on 28 February 2026 The Board of ICICI Bank at its meeting which concluded today i.e. 28 February 2026, approved purchase of up to 2.0% additional shareholding in its subsidiary, ICICI Prudential...
RBI greenlights SBI Mutual Fund’s plan to buy up to 9.99% in Bandhan Bank
The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99% in Bandhan Bank, according to a regulatory filing on Thursday. Bandhan Bank informed stock exchanges...
Centre has no roadmap for merger of public sector banks, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday said that the government does not have any roadmap for mergers of public sector banks. However, a High-Level Committee on Banking for Viksit Bharat, proposed in the Budget...
Citi signs deal to sell 24% equity stake in Banamex
Citigroup said on Monday it had entered into agreements to sell a 24% stake in Banamex to a group of institutional investors and family offices for around $2.5 billion. Among the investors were U.S. private equity firm...
SBI in talks with Japanese lenders for M&A financing
State Bank of India (SBI) is in talks with some Japanese lenders to partner with them for merger and acquisition (M&A) financing in light of the new norms in that regard, SBI chairman CS Setty told reporters on the...
Citigroup exits Russia, closer to completing strategic divestitures
Citigroup announced on Wednesday the sale of its former Russian subsidiary to Renaissance Capital, a transaction already approved by regulators and which completes Citi’s full exit from the country. Citigroup...
SBI mulls raising stake in investment banking JV to 51% amid capital market boom
The State Bank of India is weighing a plan to take control of its investment-banking joint venture (JV) with Investec India, according to two people familiar with the matter. The move comes as India’s largest lender...
