The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank and Union Bank of India, challenging the distribution of...
Banking
Centre may seek revised bids from two suitors for IDBI Bank
The government may ask for revised financial bids from two potential buyers of IDBI Bank as their original bid amounts were lower than the reserve price fixed for the strategic sale of the lender, sources said...
ING terminates sale agreement for Russian business
Dutch lender ING said on Tuesday it had terminated the agreement to sell its Russian business to Moscow-based Global Development JSC, announced in January 2025. In a press release, the bank said the decision was...
RBI clears Emirates NBD to acquire up to 74% stake in RBL Bank; lender to become foreign bank post acquisition
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...
