Idbi Bank Profit

IDBI Bank on Monday posted 35 per cent rise in net profit at Rs 691 crore for the quarter ended March 2022 due to fall in bad loan provisions

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.

Fixed deposits are of two types: with premature withdrawal facility and without premature without facility.

LIC or Life Insurance Corporation on Monday completed acquisition of a controlling stake in IDBI Bank. With the completion of acquisition of a 51 per cent stake, LIC became the majority shareholder of IDBI Bank, according to a regulatory filing by the state-run lender. The deal is "envisaged as a win-win situation for both IDBI Bank and LIC with an...

Banking services are likely to be hit across the country on Tuesday and Wednesday. A section of state-run bank employees have decided to go on a two-day strike on January 8 and 9. The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BSFI) have informed the Indian Banks' Association (IBA) of the two-day nationwide...

The move was part of the ongoing acquisition of a controlling stake in the bank by the insurance company.

Fixed deposits (FDs), which offer guaranteed returns on investments, are meant for investors looking for assured interests. FDs are fixed-income instruments, the returns on which are determined at the time of initiating the deposit.

Mahesh Kumar Jain had previously led Indian Bank for a couple of years, Rajeev Kumar, secretary, Department of Financial Services at the Ministry of Finance, said in a tweet.

For the fourth quarter alone, total losses in the state-run banks were Rs 62,681 crore - negating modest profits at Indian Bank and Vijaya Bank.

IDBI raises Lending Rates (MCLR): The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. It is an internal benchmark or reference rate for the bank.

IDBI Bank, the lender with the highest stressed-loan ratio, will get the biggest chunk of Rs 10,610 crore out of Rs 88,139 crore that the government is infusing in state banks.

IDBI bank had reported a net profit of Rs 56 crore in the year ago quarter.

Net loss was 8.53 billion rupees in June quarter, compared with a profit of 2.41 billion rupees a year earlier.

IDBI Bank said the RBI action will not have any material impact on the performance of the bank.

IDBI Bank, in which the government wants to cede majority control in a test case for reforms in the sector, had reported a net loss of Rs 2,184 crore for the year-ago quarter.

IDBI Bank on Monday posted 35 per cent rise in net profit at Rs 691 crore for the quarter ended March 2022 due to fall in bad loan provisions

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.

Fixed deposits are of two types: with premature withdrawal facility and without premature without facility.

LIC or Life Insurance Corporation on Monday completed acquisition of a controlling stake in IDBI Bank. With the completion of acquisition of a 51 per cent stake, LIC became the majority shareholder of IDBI Bank, according to a regulatory filing by the state-run lender. The deal is "envisaged as a win-win situation for both IDBI Bank and LIC with an...

Banking services are likely to be hit across the country on Tuesday and Wednesday. A section of state-run bank employees have decided to go on a two-day strike on January 8 and 9. The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BSFI) have informed the Indian Banks' Association (IBA) of the two-day nationwide...

The move was part of the ongoing acquisition of a controlling stake in the bank by the insurance company.

Fixed deposits (FDs), which offer guaranteed returns on investments, are meant for investors looking for assured interests. FDs are fixed-income instruments, the returns on which are determined at the time of initiating the deposit.

Mahesh Kumar Jain had previously led Indian Bank for a couple of years, Rajeev Kumar, secretary, Department of Financial Services at the Ministry of Finance, said in a tweet.

For the fourth quarter alone, total losses in the state-run banks were Rs 62,681 crore - negating modest profits at Indian Bank and Vijaya Bank.

IDBI raises Lending Rates (MCLR): The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. It is an internal benchmark or reference rate for the bank.

IDBI Bank, the lender with the highest stressed-loan ratio, will get the biggest chunk of Rs 10,610 crore out of Rs 88,139 crore that the government is infusing in state banks.

IDBI bank had reported a net profit of Rs 56 crore in the year ago quarter.

Net loss was 8.53 billion rupees in June quarter, compared with a profit of 2.41 billion rupees a year earlier.

IDBI Bank said the RBI action will not have any material impact on the performance of the bank.

IDBI Bank, in which the government wants to cede majority control in a test case for reforms in the sector, had reported a net loss of Rs 2,184 crore for the year-ago quarter.