Scotiabank’s 1832 Asset Management subsidiary has dissolved its stake in Israeli arms manufacturer Elbit Systems, regulatory filings showed, after the Canadian bank faced sharp criticism for the investment...
RBI grants approval to ICICI AMC for acquisition of upto 9.95% stake in Karur Vysya Bank
Karur Vysya Bank announced that the Reserve Bank of India (RBI) vide its letter dated 10 February 2026, has accorded its approval to ICICI Prudential Asset Management Company (ICICI AMC), along with group entities of...
Canara Bank invites bids to sell ₹577-cr Supreme Housing loan
Canara Bank has invited offers from financial institutions and asset reconstruction companies (ARCs) to sell its ₹577 crore debt of real estate company Supreme Housing and Hospitality at a reserve price of ₹500 crore...
RBI clears ICICI Prudential to buy 9.95% stake in IDFC First Bank
IDFC FIRST Bank Limited on Wednesday informed the exchanges that it has received regulatory approval from the Reserve Bank of India (RBI) permitting ICICI Prudential Asset Management Company Limited, along with entities...
IDBI stake sale: Kotak Mahindra, Fairfax to submit financial bids
Prema Watsa’s Fairfax Financial and Kotak Mahindra Bank are set to submit financial bids separately for a majority stake in IDBI Bank along with supporting documents on Friday, according to people with knowledge...
Insolvency case against Alchemist recalled after ED’s intervention
The National Company Law Tribunal (NCLT), New Delhi, has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, upon holding that the insolvency proceedings were vitiated by...
Blackstone gets India’s central bank nod to buy Federal Bank stake
The Indian central bank has approved private equity firm Blackstone’s acquisition of up to a 9.99% stake in Federal Bank, the private lender said on Thursday. The deal, which would make Blackstone the largest...
NCLT admits Smaaash Leisure into insolvency
The bankruptcy court has admitted Smaaash Leisure, a premium bowling and entertainment format operator, under the corporate insolvency resolution process (CIRP) in an application filed by JC Flowers Asset Reconstruction...
Government sets February 5 deadline for financial bids for IDBI, sources say
India’s federal government has set a February 5 deadline for financial bids for IDBI Bank as it looks to divest a majority of its holding in the lender, according to two sources familiar with the matter. The...
Prosperity Bancshares bolsters Texas presence with $2 billion Stellar Bancorp buy
Prosperity Bancshares will buy rival Stellar Bancorp in a $2 billion cash-and-stock deal, the banks said on Wednesday, creating a mega Texas-focused lender and highlighting rapid consolidation among U.S. regional...
Deutsche Bank, DWS eye stake in Fosun-controlled firm, Bloomberg News reports
Deutsche Bank AG and its asset management arm DWS Group are weighing a move to inject fresh capital in exchange for a significant minority stake in Fosun International-controlled life insurance consolidator Frankfurter...
Axis Bank puts Axis Finance stake sale on hold after RBI eases rules
India’s Axis Bank has put on hold plans to sell a stake in its consumer lending arm, Axis Finance. After the central bank eased proposed restrictions on overlapping business activities between banks and their...
