Gopika Gopakumar
Stories by Gopika Gopakumar
India: Nabard buys 7% more in Sidbi from IDBI Bank for about $138m
This is the largest investment made by the apex rural financial institution so far, and raises its total shareholding in Sidbi to 10%.
India: IDFC Bank, Shriram Group extend merger deadline
The decision to extend the agreement comes after the deal faced opposition from the shareholders of Shriram and IDFC.
India: Catholic Syrian Bank pursues QIP plan to raise up to $62m
The move follows the collapse of its plan to sell a major stake to Fairfax Financial over valuation differences
India: IDBI Bank seeks fresh bids for acquiring 13.7% stake in Sidbi
The deadline for submission of fresh bids will close on 14 September
India: PNB looks to sell stake in housing finance unit, list insurance arm
The housing finance company is considered the most valuable investment ever made by the public sector bank.
India: Essar reduces debt by nearly $11b with Rosneft deal
Part of the sale proceeds would be used to repay Indian lenders including Life Insurance Corporation of India (LIC).
India: SBI planning IPOs of two regional rural banks in next one year
SBI is planning to list Andhra Pradesh Grameena Vikas Bank and Saurashtra Gramin Bank
