Idbi Bank

IDBI Bank Zooms 7% On Cabinet Nod For Strategic Stake Sale

Business | Edited by Peter Noronha | Thursday May 6, 2021

IDBI Bank: The centre and LIC together own more than 94 per cent equity in the bank, with the centre owning 45.48 per cent and LIC owning 49.24

Cabinet Approves Strategic Stake Sale In IDBI Bank

Business | Edited by Abhishek Vasudev | Wednesday May 5, 2021

The government of India and LIC together own more than 94 per cent stake in IDBI Bank

IDBI Gains After Profit Nearly Triples In March Quarter

Business | Edited by Abhishek Vasudev | Monday May 3, 2021

IDBI Bank's net interest income or the difference between interest earned and interest expended jumped 37.5 per cent to Rs 3,240 crore.

IDBI Bank Gains After Board Approves Rupee Bond Borrowing Limit For Next Fiscal

Business | Edited by Nikita Prasad | Tuesday March 30, 2021

IDBI Bank Share Price: IDBI Bank opened on the BSE at Rs 38.60, touching an intra day high of Rs 40, and an intra day low of Rs 37.30, in the trading session so far.

Stocks To Watch: Adani Transmission, Biocon, Nazara Tech

Business | Edited by Peter Noronha | Tuesday March 30, 2021

IDBI Bank's board has approved a rupee bond borrowing limit of Rs 8,000 crore for the next financial year, IDBI Bank said in a regulatory filing to the stock exchanges

IDBI Bank Rallies Over 15% On Exiting Prompt Corrective Action Framework

Business | Edited by Abhishek Vasudev | Friday March 12, 2021

IDBI Bank gave a written commitment to the central bank that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.

Sensex, Nifty Set To Stage Gap Up Opening On Strong Global Cues

Business | Edited by Abhishek Vasudev | Friday March 12, 2021

IDBI Bank will be in focus after the Reserve Bank of India said that it will remove the bank from its Prompt Corrective Action framework

RBI Lifts IDBI Bank Out Of Corrective Action List After Four Years

Business | Reuters | Wednesday March 10, 2021

IDBI Bank was placed under the so-called PCA framework in 2017 over its high bad loans and negative return on assets, at a time when Indian lenders battled record levels of soured assets, prompting the RBI to tighten thresholds.

Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources

Business | Reuters | Thursday January 28, 2021

The government plans to announce the sale of a 10 per cent to 15 per cent stake in the state-run Life Insurance Corporation in next week's budget, as part of a privatisation push to improve public finances, two government sources said

Stocks To Watch: Reliance Industries, IDBI Bank, JSPL In Focus Today

Business | Edited by Nikita Prasad | Friday January 1, 2021

Stocks In Focus Today: Reliance Industries stocks will be watched closely today after it announced yesterday that Jio voice calls will be free to other networks starting from January 1, 2021

Government Keen To Speed Up Stake Sale In Four State-Owned Banks: Report

Business | Edited by Abhik Deb (with inputs from agencies) | Tuesday August 18, 2020

The sources said the four lenders in the discussion are Punjab & Sind Bank, Bank of Maharashtra, UCO Bank and IDBI Bank

Government Looks At Rs 20,000 Crore By Selling Stakes In Two Firms: Report

Business | Siddhartha Singh, Bloomberg | Thursday July 9, 2020

PM Modi in February had planned to raise as much as Rs 2.1 lakh crore selling state assets

"Centre Attempting To Promote Privatisation": Sena On Budget Plan For LIC

India News | ANI | Monday February 3, 2020

The centre is making an attempt to promote privatisation by announcing the disinvestment of the Life Insurance Corporation (LIC) and IDBI Bank, Shiv Sena has said in its mouthpiece.

LIC IPO May Come In 2nd Half Of FY21, Says Finance Secretary

Business | Press Trust of India | Sunday February 2, 2020

"We will follow the extant procedure for listing and for other things including the legislative changes it requires in consultation with the Ministry of Law and that process we already started ... listing in the second half of FY21 seems logical," he said.

IDBI Bank Pays 6.95% Interest To Senior Citizens On 1-Year FD. Compare Other Rates Here

Business | Edited by Sandeep Singh | Friday December 27, 2019

IDBI Bank FD Interest Rate: IDBI Bank offers 20 maturity options for retail fixed deposits (FDs). IDBI Bank pays a 6.95% return to senior citizens on one-year fixed deposits (FDs) up to Rs 2 crore.