Back to homepage

Tag "idbi bank"

IDBI Bank to sell property owned by Great Indian Tamasha Company

IDBI Bank to sell property owned by Great Indian Tamasha Company

🕔12:57, 20.Jun 2022

IDBI Bank has invited bids through e-auction of property of Great Indian Tamasha Company, which was running the Kingdom of Dreams in Gurugram. New Delhi, June 20 (IANS) IDBI Bank has invited bids through e-auction of property of Great Indian Tamasha

Read Full Article
IDBI Bank’s Q3FY22 net profit up 53%

IDBI Bank’s Q3FY22 net profit up 53%

🕔07:18, 22.Jan 2022

New Delhi, Jan 21 (IANS) IDBI Bank on Friday reported a rise of 53 per cent in its net profit for Q3FY22 on a year-on-year basis, at Rs 578 crore as against Rs 378 crore reported for Q3FY21. Besides, the bank’s

Read Full Article
In 72 hours, IDBI Bank releases 3 figures of loan defaults by Diamantaire group

In 72 hours, IDBI Bank releases 3 figures of loan defaults by Diamantaire group

🕔16:10, 21.Dec 2021

Mumbai, Dec 21 (IANS) In a strange development, the government-backed private sector IDBI Bank Ltd. here has revealed three different figures of the alleged loans defaulted by a well-known diamantaire group, surprising banking and diamond industry circles. Late on Monday,

Read Full Article
IDBI Bank’s YoY Q2FY22 net profit up 75%

IDBI Bank’s YoY Q2FY22 net profit up 75%

🕔16:26, 21.Oct 2021

New Delhi, Oct 21 (IANS) IDBI Bank on Thursday reported a rise of 75 per cent in its net profit for Q2FY22 on a year-on-year basis. The bank’s net profit rose to Rs 567 crore as against Rs 324 crore reported

Read Full Article
Moody’s revises outlook for Indian banking system to stable from negative

Moody’s revises outlook for Indian banking system to stable from negative

🕔13:35, 19.Oct 2021

Mumbai, Oct 19 (IANS) Moody’s has revised the outlook for the Indian banking system to stable from negative suggesting that the deterioration of asset quality since the onset of the coronavirus pandemic has been moderate and an improving operating environment will

Read Full Article
Bidding deadline for transaction advisor for IDBI Bank sale extended

Bidding deadline for transaction advisor for IDBI Bank sale extended

🕔07:43, 12.Jul 2021

New Delhi, July 12  The Centre has extended the bid submission deadline for transaction advisor for the strategic disinvestment of IDBI Bank to July 22. Further, the deadline for submission of bids for legal adviser has also been extended by

Read Full Article
NCLT grills IDBI Bank over settlement with Siva Industries: Report

NCLT grills IDBI Bank over settlement with Siva Industries: Report

🕔21:11, 28.Jun 2021

New Delhi, June 28  The Chennai bench of the National Company Law Tribunal (NCLT) has grilled IDBI Bank again over one-time settlement (OTS) deal reached between the IDBI Bank-led bank consortium and Siva Industries and Holdings Ltd (SIHL), Zee Biz

Read Full Article
Cabinet approves strategic disinvestment of IDBI Bank

Cabinet approves strategic disinvestment of IDBI Bank

🕔06:49, 6.May 2021

New Delhi, May 6  The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd. The extent of respective shareholding to be divested by the GoI

Read Full Article
RBI takes out IDBI Bank from PCA framework

RBI takes out IDBI Bank from PCA framework

🕔07:41, 11.Mar 2021

Mumbai, March 11  The Reserve Bank of India (RBI) has taken out IDBI Bank from Prompt Corrective Action (PCA) framework. In a statement on Wednesday, the central bank said that the performance of IDBI Bank was reviewed by the Board

Read Full Article
IDBI Bank to sell 27% stake in IDBI Federal Life Insurance

IDBI Bank to sell 27% stake in IDBI Federal Life Insurance

🕔07:40, 7.Aug 2020

New Delhi, Aug 7  IDBI Bank on Thursday said that it has entered into a share purchase agreement to sell up to 27 per cent stake in its joint venture insurance arm, IDBI Federal Life Insurance Company Ltd (IFLI), to

Read Full Article
IDBI Bank’s Q1FY21 net profit at Rs 144 cr

IDBI Bank’s Q1FY21 net profit at Rs 144 cr

🕔09:20, 29.Jul 2020

New Delhi, July 29  Lender IDBI Bank on Tuesday reported its standalone net profit for the first quarter of 2020-21 at Rs 144 crore. The bank has reported a net loss of Rs 3,801 crore for Q1 2019-20. “Net Profit

Read Full Article
Fitch revises outlook on 9 Indian banks to negative

Fitch revises outlook on 9 Indian banks to negative

🕔17:41, 22.Jun 2020

New Delhi, June 22 After downgrading India’s outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative. The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable

Read Full Article
IDBI Bank posts bigger Q3 net loss at Rs 5,763 cr

IDBI Bank posts bigger Q3 net loss at Rs 5,763 cr

🕔07:08, 12.Feb 2020

Mumbai, Feb 12  Lender IDBI Bank on Tuesday announced that its net loss during the third quarter ended December 31, 2019, has widened to Rs 5,763 crore “on account of the bank exercising the option of lower tax resulting in

Read Full Article
Govt may clear CVC oversight before share sale in IDBI Bank

Govt may clear CVC oversight before share sale in IDBI Bank

🕔06:51, 10.Feb 2020

New Delhi, Feb 10 The government may clarify the application of the Central Vigilance Commission (CVC) oversight over the IDBI bank before it initiates the process to exit the bank by selling its entire stake to private players. The move is

Read Full Article
Budget 2020: IDBI Bank to be privatized post Govt exit

Budget 2020: IDBI Bank to be privatized post Govt exit

🕔16:18, 1.Feb 2020

New Delhi, Feb 1 Finance Minister Nirmala Sitharaman said on Saturday the government would sell its entire stake in IDBI Bank to private players. After the announcement, shares of IDBI Bank surged over 12 per cent to Rs 38.25, gain

Read Full Article
IDBI Bank launches repo rate-linked lending

IDBI Bank launches repo rate-linked lending

🕔15:00, 30.Aug 2019

Mumbai, Aug 30  State-run IDBI Bank has launched a new home loan and auto loan product linked to the Reserve Bank of India’s (RBI) repo rate. IDBI Bank has also introduced bulk deposits linked to the repo, or the central

Read Full Article
IDBI Bank seeks NCLT nod to extend Jaypee resolution deadline

IDBI Bank seeks NCLT nod to extend Jaypee resolution deadline

🕔07:15, 30.Apr 2019

New Delhi, April 30  IDBI Bank, the prime lender of Jaypee Infratech (JIL), has approached the Delhi bench of National Company Law Tribunal (NCLT) seeking extension of the 270-day deadline for the resolution of the company, sources said. The deadline

Read Full Article
IDBI Bank appoints LIC as agent, forms joint group to identify synergies

IDBI Bank appoints LIC as agent, forms joint group to identify synergies

🕔12:03, 11.Mar 2019

Mumbai, March 11  The IDBI Bank on Sunday said it has started aligning its businesses with that of its new owner LIC, appointing the life insurer as a corporate agent under bancassurance besides setting up a joint task force to

Read Full Article
LIC may infuse up to Rs 12,000 crore in IDBI Bank to help it meet provisioning for NPAs in Q4

LIC may infuse up to Rs 12,000 crore in IDBI Bank to help it meet provisioning for NPAs in Q4

🕔06:24, 16.Feb 2019

New Delhi, Feb 16  IDBI Bank has sounded out its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses. The fresh support is required to cover for non-performing

Read Full Article
IDBI Bank proposes to change name

IDBI Bank proposes to change name

🕔08:56, 5.Feb 2019

Mumbai, Feb 5  IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders’ approval. According to the lender, its

Read Full Article