All articles by Vidyasagar Maddela
Vidyasagar Maddela
India prepares to invite bids for $7.1bn IDBI Bank stake – report
The government plans to sell 60.72% of IDBI Bank, which totals up to $7.1bn, based on the bank’s current market valuation.
Bendigo Bank to acquire RACQ’s retail deposit business
The acquisition will see the transfer of more than 90,000 RACQ Bank customers to Bendigo Bank, pending regulatory approval.
NTB secures approval to acquire HSBC Sri Lanka’s Retail Banking operations
The acquisition would add around 200,000 customer accounts to NTB, including premium banking clients.
MPS board set to discuss investigation on CEO and two shareholders-report
Italian prosecutors are investigating allegations of market rigging and obstruction of supervisory activities related to MPS’s recent acquisition of Mediobanca.
Nubank plans to secure Brazilian banking license next year
Nubank stated that adding a banking institution to the group will not significantly change its capital or liquidity requirements.
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Santander sells 3.5% stake in Polish unit for $473m
Following the placement, Santander now holds around 9.7% stake in the Polish unit.
Laurentian Bank to sell operations to Fairstone Bank, National Bank of Canada
In 2023, Laurentian Bank announced a review of its strategic options, including a possible sale, which ended without finding a buyer.
HSBC partners with Mistral AI to advance generative AI adoption
The collaboration aims to enhance HSBC’s business processes, save employees time, and improve service for millions of customers worldwide.
Associated Banc-Corp to acquire American National for $604m
American National’s banking subsidiary will integrate into Associated Banc-Corp’s subsidiary, Associated Bank.
India’s banking regulator issues digital banking guidelines
RBI requires the banks to record or document the explicit consent of customers before providing digital banking services.