Fairfax wins nod to acquire IDBI Bank, but faces challenge of shifting its public-sector culture

New Delhi, Oct. 16 -- Fairfax Financial Holdings has cleared the government's hurdle to acquire IDBI Bank, but its bigger test lies inside the lender, where unions are already pushing back and the cul... Read More

RBI measures to lift India's ECB inflows to $75-80 billion in FY27: Citi's corp banking head

New Delhi, Aug. 25 -- Indian companies are projected to raise $75-80 billion through external commercial borrowings (ECB) in FY27, driven by a Reserve Bank of India (RBI) scheme designed to boost doll... Read More

Dollar race: Foreign banks ramp up FCNR deposits, narrow gap with locals

New Delhi, Aug. 10 -- Backed by a global network and wealthy clientele, India's foreign banks are flexing their muscle in attracting dollar deposits, despite their undersized presence in the local dep... Read More