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Tuesday, Nov 24, 2009
 
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Lenders may refer STC unit to debt tribunal16-NOV-09
With very little chance of repayment from STCL, a Bangalore-based ailing subsidiary of State Trading Corporation, lenders are exploring an option to drag the company to Debt Recovery Tribunal (DRT) as part of efforts to get back dues.
Large public sector banks may kick off mergers14-NOV-09
Consolidation in the public sector banking space might begin with large banks in which the government holding is close to 51 per cent.
IDBI Bank Unveils HOMES 200913-NOV-09
IDBI Bank launched a three-day exhibition on housing finance named “IDBI Bank HOMES 2009 Property Exhibition” at Netaji Indoor Stadium, Kolkata. The Exhibition provides the home loan seeker a variety of options in terms of property across Kolkata. All big names in the real estate business are showcasing their upcoming projects in this exhibition.
IDBI Bank unveils HOMES 200906-NOV-09
IDBI Bank launched a three-day exhibition on housing finance named “IDBI Bank HOMES 2009 Property Exhibition” at Noida Expo Center, Noida. This exhibition provides a home loan seeker a variety of options in terms of property across Delhi NCR. All big names in the real estate business are showcasing their upcoming projects in this exhibition.
Observance of Vigilance Awareness Week -2009 in IDBI Bank03-NOV-09
‘Vigilance Awareness Week’ is being observed by IDBI Bank Ltd. from November 03-07, 2009. The Vigilance Awareness Week was inaugurated with the Administering of the Pledge by Shri B.P. Singh, Executive Director, IDBI Bank Ltd, to the Officers & Staff of the Bank, on November 03, 2009 at 11.00 a.m. Shri B. Jitender, Advisor, read the messages from Hon’ble President and Hon’ble Prime Minister of India. Shri Arun Bisaria, Executive Director-Chief Vigilance Officer of the Bank, read the message from the Central Vigilance Commissioner and both the Vigilance Commissioners, Central Vigilance Commission. The General Manager of Vigilance Department, briefed the audience about the week long programme comprising talks by eminent Guest Speakers, Panel Discussion and various competitions connected with vigilance related activities.
IDBI Bank raises $225 million loan27-OCT-09
State-run IDBI Bank has raised a $225-million foreign currency loan to fuel its business growth and plans to raise $1.5 billion through a bond issue by early next year, its chairman said.
IDBI Bank’s Q2 2010 net up 56% to Rs 254 cr26-OCT-09
Net profit up 56% to Rs.254 Crore (from Rs.
EOSL to achieve financial closure for jack-up rigs by Oct-end08-OCT-09
Essar Oilfields Services (EOSL) expects to tie up Rs 1,250 crore funding for two jack-up rigs by the end of this month, a senior company official said.
TimesofMoney ties-up with IDBI Bank17-SEP-09
TimesofMoney, a leading payment service provider has announced a tie-up with IDBI Bank to launch the bank’s remittance service - ‘India Remit’ for its customers in UK. This association further strengthens the relationship between the two as it marks the second global remittance corridor set up from TimesofMoney after the same was launched for US. The bank will use TimesofMoney’s transaction processing capability to offer end-to-end online money transfer for its NRI customers in UK.
TimesofMoney ties-up with IDBI Bank16-SEP-09
TimesofMoney, a leading payment service provider has announced a tie-up with IDBI Bank to launch the bank’s remittance service - ‘India Remit’ for its customers in UK. This association further strengthens the relationship between the two as it marks the second global remittance corridor set up from TimesofMoney after the same was launched for US. The bank will use TimesofMoney’s transaction processing capability to offer end-to-end online money transfer for its NRI customers in UK.
Govt decision on IHFL sale likely in 3 months: Official13-SEP-09
Public sector lender IDBI Bank expects government's decision on the sale of its Pune-based home loan subsidiary -- IDBI Home Finance (IHFL) -- in the next three months, a top official said.
IDBI Bank rules out fresh valuation for sale of mortgage arm10-SEP-09
IDBI Bank has ruled out fresh valuation of its mortgage arm, IDBI Home Finance, which has been on the block for a year.
IDBI Fortis to increase agency branches05-SEP-09
The company has 33 such branches at present. Similarly, the number of insurance advisors is proposed to be doubled to 15,000 from 7500 at present.
IDBI Bank may shelve variable pay plan26-AUG-09
IDBI Bank is expected to formally shelve its plan to become the first public sector lender to introduce variable pay for its employees.
IDBI Bank revives plan to sell mortgage subsidiary18-AUG-09
Dewan Housing remains top contender; govt wants merger.
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