Idbi Bank Ltd

IDBI had entered into loans totalling $148 million with two Singapore registered companies -Varada Drilling One Pte Ltd and Varada Drilling Two Pte Ltd - for the construction of two jack up drilling rigs

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

IDBI Bank has pared its stake in Credit Analysis and Research Ltd (CARE) through open market to 0.94 per cent.

United Breweries (Holdings) Ltd on Thursday said it is seeking legal advice to take appropriate steps after the Enforcement Directorate attached properties worth Rs 1,411 crore belonging to the company and its promoter Vijay Mallya in the IDBI Bank loan default case.

Government is working on the stake sale of IDBI Bank and a decision in this regard could be taken during the current fiscal, its Managing Director Kishor Kharat said on Monday.

Committing to support NPA-ridden public sector banks, Finance Minister Arun Jaitley on Monday said they would be empowered and protected in case of "commercially prudent" settlement of bad debts.

An umbrella body of bank unions has called for a nationwide strike on August 29 to protest against the government's banking reforms.

Indian jewellery firms are finding it increasingly hard to get credit to import raw material and ship out their wares as banks tighten the screws, worried about defaults and sharp practices in the sector.

IDBI Bank will sell its entire 5 per cent stake in National Stock Exchange or NSE in a transaction that may fetch the lender about Rs 1,000 crore.

India's state-owned banks, weighed down by bad loans and lacklustre profits, could within months begin the sale of billions of dollars of unwanted assets to help raise cash needed to meet tougher regulation.

The court said on Wednesday that companies will have until the end of March to return most of the so-called coal blocks allocated by the government since 1993, after ruling last month the selective allocation process was arbitrary and illegal.

State-run lender IDBI Bank Ltd has close to Rs 2000 crore ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender's head said on Wednesday.

The Department of Financial Services, after reviewing top 50 Non Performing Accounts (NPAs) of public sector banks, has asked the state-owned banks to initiate action against those defaulters, sources added.

State-run lender IDBI Bank Ltd said on Tuesday it is not being investigated by the Central Bureau of Investigation (CBI) over a loan to the now-grounded carrier Kingfisher Airlines Ltd.

The government on Thursday said some banks have initiated the process of declaring debt-ridden Kingfisher Airlines as a wilful defaulter.

IDBI had entered into loans totalling $148 million with two Singapore registered companies -Varada Drilling One Pte Ltd and Varada Drilling Two Pte Ltd - for the construction of two jack up drilling rigs

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

IDBI Bank has pared its stake in Credit Analysis and Research Ltd (CARE) through open market to 0.94 per cent.

United Breweries (Holdings) Ltd on Thursday said it is seeking legal advice to take appropriate steps after the Enforcement Directorate attached properties worth Rs 1,411 crore belonging to the company and its promoter Vijay Mallya in the IDBI Bank loan default case.

Government is working on the stake sale of IDBI Bank and a decision in this regard could be taken during the current fiscal, its Managing Director Kishor Kharat said on Monday.

Committing to support NPA-ridden public sector banks, Finance Minister Arun Jaitley on Monday said they would be empowered and protected in case of "commercially prudent" settlement of bad debts.

An umbrella body of bank unions has called for a nationwide strike on August 29 to protest against the government's banking reforms.

Indian jewellery firms are finding it increasingly hard to get credit to import raw material and ship out their wares as banks tighten the screws, worried about defaults and sharp practices in the sector.

IDBI Bank will sell its entire 5 per cent stake in National Stock Exchange or NSE in a transaction that may fetch the lender about Rs 1,000 crore.

India's state-owned banks, weighed down by bad loans and lacklustre profits, could within months begin the sale of billions of dollars of unwanted assets to help raise cash needed to meet tougher regulation.

The court said on Wednesday that companies will have until the end of March to return most of the so-called coal blocks allocated by the government since 1993, after ruling last month the selective allocation process was arbitrary and illegal.

State-run lender IDBI Bank Ltd has close to Rs 2000 crore ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender's head said on Wednesday.

The Department of Financial Services, after reviewing top 50 Non Performing Accounts (NPAs) of public sector banks, has asked the state-owned banks to initiate action against those defaulters, sources added.

State-run lender IDBI Bank Ltd said on Tuesday it is not being investigated by the Central Bureau of Investigation (CBI) over a loan to the now-grounded carrier Kingfisher Airlines Ltd.

The government on Thursday said some banks have initiated the process of declaring debt-ridden Kingfisher Airlines as a wilful defaulter.