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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

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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

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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

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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

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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

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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

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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

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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

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LIC completes 51% acquisition in IDBI Bank

LIC completes 51% acquisition in IDBI Bank

🕔10:00, 22.Jan 2019

Mumbai, Jan 22  State-run Life Insurance Corporation of India (LIC) on Monday completed its acquisition of 51 per cent stake in the financially-stressed IDBI Bank, according to a regulatory filing by the bank. In its meeting during the day, the

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HC rejects plea challenging LIC acquiring 51 per cent stake in IDBI

HC rejects plea challenging LIC acquiring 51 per cent stake in IDBI

🕔11:07, 18.Dec 2018

New Delhi, Dec 18  The Delhi High Court on Monday dismissed a plea challenging the LIC move to acquire 51 per cent stake in the government-owned IDBI Bank. Justice Vibhu Bakhru dismissed the All India IDBI Officers Association plea challenging LIC

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IDBI Bank to seek government nod for LIC’s stake purchase

IDBI Bank to seek government nod for LIC’s stake purchase

🕔10:32, 18.Jul 2018

Mumbai, July 18  State-run IDBI Bank on Tuesday said it will seek rgw central government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden lender. According to a BSE filing, the lender received

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Power Finance Corporation (PFC) received “India’s Top PSU Award”

Power Finance Corporation (PFC) received “India’s Top PSU Award”

🕔14:32, 24.Jul 2015 Read Full Article
IDBI to charge 1 percent lower interest on MSME loans

IDBI to charge 1 percent lower interest on MSME loans

🕔10:18, 24.May 2014

New Delhi, May 24  IDBI Bank signed an agreement with industry body Ficci under which it will offer loans to micro, small and medium enterprises (MSME) at one percent lower interest than the market rates and also charge low processing

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