A few old private sector banks may look like convenient acquisition targets. But that may not be easy

A few old private sector banks may look like convenient acquisition targets. But that may not be easy

A few old private sector banks may look like convenient acquisition targets. But that may not be easyApr 30, 2022, 11:01 PM IST

Most OPBs are investing in technology to attract young customers. According to analysts, they invest Rs 100-250 crore every year on modernisation. Still, at a functional level, they have not been able to reach the levels of an HDFC Bank or ICICI Bank. But tech systems of some of them are better.

IDBI Bank privatisation process on; decision on quantum of dilution after roadshow: DIPAM SecyApr 29, 2022, 05:50 PM IST

The Cabinet Committee on Economic Affairs had given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank in May last year. Necessary amendments to the IDBI Bank Act have already been made through the Finance Act 2021, and transaction advisors have been appointed. IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional 8,27,590,885 equity shares.

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