IDBI Bank

IDBI Bank invites bids to divest stake in Asset Reconstruction Company

IDBI Bank invites bids to divest stake in Asset Reconstruction Company

IDBI Bank plans to divest its stake in Asset Reconstruction Company Ltd (Arcil) and has invited bids from interested parties."IDBI Bank i...Read More

LIC Cards’ RuPay prepaid gift card 'Shagun' powered by IDBI Bank: know benefits of this card

LIC Cards’ RuPay prepaid gift card 'Shagun' powered by IDBI Bank: know benefits of this card

LIC Cards Services Limited (LIC CSL) launched a contactless prepaid Gift Card – ‘Shagun’ in collaboration with IDBI Bank on RuPay platfor...Read More

IDBI Bank revises charges: Customers want more than 20 free cheque leaves? Pay Rs 5 each from July 1

IDBI Bank revises charges: Customers want more than 20 free cheque leaves? Pay Rs 5 each from July 1

IDBI Bank customers will have to pay Rs 5 per cheque leaf beyond 20 free leaves per year, under the revised charges from next month.Curre...Read More

India's IDBI Bank secures USD 239 mn debt judgment in UK High Court

India's IDBI Bank secures USD 239 mn debt judgment in UK High Court

IDBI Bank has secured a USD 239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of I...Read More

Creditors to scrap bankruptcy process, accept out-of-court offer from Siva Industries: Report

Creditors to scrap bankruptcy process, accept out-of-court offer from Siva Industries: Report

Creditors are likely to scrap bankruptcy process of Chennai-based Siva Industries and Holdings, founded by Chinnakannan Sivasankaran, kno...Read More

IDBI Bank sale: Officer's Association mulls legal recourse

IDBI Bank sale: Officer's Association mulls legal recourse

The All India IDBI Officers' Association (AIIDBIOA) on Monday said it would seek legal and other recourse against the government's decisi...Read More

Stocks to watch out for today: IDBI Bank, Adani Green Energy, Adani Enterprises, Tata Motors, Tata Steel, CEAT among others

Stocks to watch out for today: IDBI Bank, Adani Green Energy, Adani Enterprises, Tata Motors, Tata Steel, CEAT among others

After Reserve Bank of India (RBI) governor Shaktikanta Das announced a slew of measures on Wednesday, the banking indices gained. So, tod...Read More

Bank privatisation: Cabinet approves strategic disinvestment and transfer of management control in IDBI Bank

Bank privatisation: Cabinet approves strategic disinvestment and transfer of management control in IDBI Bank

The first bank to undergo the process of privatisation is state-run IDBI Bank. During the budget 2021, even though Union minister Nirmala...Read More

Results: LIC-owned IDBI Bank posts profit of Rs 1,359 crore after 5 years

Results: LIC-owned IDBI Bank posts profit of Rs 1,359 crore after 5 years

LIC-controlled IDBI Bank turned profitable in the fiscal ended in March 2021 after five years, posting a net profit of Rs 1,359 crore for...Read More

Reliance Power in talks with Yes Bank, LVB, IDBI Bank and Axis Bank for debt resolution plan of outstanding borrowing worth Rs 1,351 crore

Reliance Power in talks with Yes Bank, LVB, IDBI Bank and Axis Bank for debt resolution plan of outstanding borrowing worth Rs 1,351 crore

Reliance Anil Dhirubhai Ambani Group company Reliance Power is in talks with lenders for debt resolution plan for outstanding borrowing o...Read More

Privatisation of banks: Has the government taken a U-turn in the case of IDBI Bank?

Privatisation of banks: Has the government taken a U-turn in the case of IDBI Bank?

Finance Minister Nirmala Sitharaman had in her Budget speech in 2021 said that other than IDBI Bank, the governemnt proposes to take up t...Read More

RBI takes LIC-owned IDBI Bank out of PCA Framework

RBI takes LIC-owned IDBI Bank out of PCA Framework

The Reserve Bank of India on Wednesday said that it has taken IDBI Bank out of the Prompt Corrective Action Framework (PCAF). RBI said th...Read More

Results: IDBI Bank posts Q3 net profit of Rs 378 crore as NII grows

Results: IDBI Bank posts Q3 net profit of Rs 378 crore as NII grows

Life Insurance Corporation -owned IDBI Bank reported a standalone net profit of Rs 378 crore for December quarter 2020-21 on the back of ...Read More

IDBI Bank reports Rs 324 crore profit for Q2; NPA ratio down

IDBI Bank reports Rs 324 crore profit for Q2; NPA ratio down

IDBI Bank on Friday reported a net profit of Rs 324 crore for the second quarter of the current fiscal year against a loss of Rs 3,459 cr...Read More

Maha govt approves RRBs, IDBI and 15 DCCBs for transactions with depts and undertakings

Maha govt approves RRBs, IDBI and 15 DCCBs for transactions with depts and undertakings

In a major policy shift, the banks promoted by the nationalised banks or banks having majority government shareholding can now conduct tr...Read More

IDBI Bank to sell 27% stake in IDBI Federal Life Insurance

IDBI Bank to sell 27% stake in IDBI Federal Life Insurance

IDBI Bank on Thursday said that it has entered into a share purchase agreement to sell up to 27 per cent stake in its joint venture insur...Read More

IDBI Bank back in black, posts net profit of ₹144 cr

IDBI Bank back in black, posts net profit of ₹144 cr

"Net Profit for Q1-2021 has improved by 7 per cent against Rs 135 crore reported for Q4-2020," the bank said in the results statement.

IDBI to raise Rs 595 crore by stake sale in IDBI Federal Life Insurance

IDBI to raise Rs 595 crore by stake sale in IDBI Federal Life Insurance

The board of directors at IDBI Bank has allowed the bank to sell stakes of IDBI Federal Life Insurance Company Limited (IFLI) worth Rs 59...Read More

Four cash filling agency employees under the scanner for robbing IDBI ATM

Four cash filling agency employees under the scanner for robbing IDBI ATM

Four employees of an Automated Teller Machine (ATM) cash filling agency are suspected to have used the security code, unlocked the machin...Read More

LIC listing, IDBI Bank stake sale may be postponed

LIC listing, IDBI Bank stake sale may be postponed

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment targ...Read More

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