IFCI on improving asset quality
Feb 11, 2014
RBI cautious; further rate cuts possible: experts
Mar 19, 2013
Wednesday April 2, 2014
IDBI, a new generation government-owned bank, had reported a net profit of Rs 104 crore for the quarter ended December 31, 2013.
Friday March 7, 2014
About 25 players in the fray for bank licences. Public sector units India Post and IFCI and private players such as Anil Ambani group and Aditya Birla group are among the applicants.
Monday February 10, 2014
In December, 2012, the financial institution became state-owned entity with government getting 55.53 per cent stake by conversion of optionally convertible bonds.
Monday January 20, 2014
Reserve Bank of India (RBI) Deputy Governor Anand Sinha, who was looking after the new bank licence process has retired, even as procedure of granting licences to the private sector is yet to be completed.
Thursday December 12, 2013
IFCI Ltd has appointed Malay Mukherjee as its chief executive and managing director, the state-owned financial institution said in a statement on Thursday.
Tuesday November 26, 2013
IFCI on Tuesday handed over a cheque of Rs 92.30 crore to the government towards dividend for the financial year 2012-13.
Tuesday November 12, 2013
IFCI Ltd on Tuesday reported a 7.1 per cent rise in net profit at Rs 140.31 crore for the quarter ended September, 2013.
Sunday August 18, 2013
The Finance Ministry has sought relaxation in the eligibility norms for selection of State Bank of India (SBI) chairman so as to have more candidates to interview for the top post at the country's largest bank.
Tuesday July 30, 2013
Government-owned non-banking finance company IFCI on reported a 41 per cent decline in its net profit at Rs 55.11 crore for the first quarter ended June, 2013 due to increase in provisions for bad assets.
Wednesday April 10, 2013
The Securities and Exchange Board of India (Sebi) has dismissed a case against three entities for their alleged involvement in the fraudulent and unfair trade practices in the shares of erstwhile Maytas Infra nearly five years ago.
Sunday March 31, 2013
Aspiring to set up banks, at least 50 entities have begun the process of approaching RBI to seek clarifications on the norms prescribed by the central bank for issue of new banking licences.
Sunday February 24, 2013
Financial sector analysts have termed new banking guidelines as "a balanced and pragmatic approach" on the RBI's part, as it allows a broader set of entities in the banking sector, besides ensuring maximum prudential norms to avoid any systemic risk...
Sunday February 24, 2013
More than a dozen corporates, including big names such as Aditya Birla Group, M&M, L&T, as well as state-owned PFC, LIC and India Post, will apply to the Reserve Bank for licence to open banks.
Tuesday February 19, 2013
Shares in companies hopeful of bagging new bank licences saw buying interest in a lacklustre market on Tuesday. Among these candidates, IFCI shares gained 2.4 per cent, Mahindra and Mahindra Financial Services rose 1.8 per cent, and Shriram transport...
Tuesday February 12, 2013
State-run IFCI today reported a 33 per cent decline in net profit at Rs 76.31 crore for the third quarter ended December 31, 2012.
Wednesday September 26, 2012
Shares in IFCI plunged 14 per cent in early trade after market regulator Sebi (Securities and Exchange Board of India) approved a proposed hike of the government's stake in the firm to 55.57 per cent without triggering an open offer for shares of pub...
Tuesday September 25, 2012
The Union Cabinet last month approved a proposal for conversion of debentures worth Rs 923 crore into shares of IFCI.
Monday August 27, 2012
IFCI has huge interest among retail shareholders with over 1 mn people holding 43% of its Rs 787 cr equity.
Sapna Das | Monday August 27, 2012
Larger equity base, after the conversion of debentures, will sharply dilute the earnings per share for IFCI.
Tuesday August 28, 2012
Shares of Industrial Finance Corporation of India (IFCI) plunged on Friday after the government exercised the option to convert Rs 923 crore worth of debentures into equity with immediate effect. Atul Kumar Rai, MD and CEO, IFCI, told NDTV Profit tha...