3 result(s) for “banking”
The Reserve Bank of India has raised the minimum daily Cash Reserve Ratio maintenance to 99 percent effective from the fortnight beginning October 16, 2026, a move that reduces banks’ intrafortnight flexibility and signals a more active liquidity stance following the October rate hike.
The Union Cabinet on October 14 approved the sale of a 60.72 percent combined stake in IDBI Bank to an entity backed by Canada’s Fairfax Financial Holdings for Rs 52,878 crore. The transaction, cleared on October 15 for publication, is a landmark foreign direct investment into India’s banking sector and raises questions about valuation, market response, and the future of state ownership in banking.
Tata Sons on Saturday formally rejected objections from Tata Trusts over the board decision to reappoint N. Chandrasekaran, setting up a high stakes governance fight that risks unsettling group stocks and intensifying pressure from regulators who want the holding company listed.