| Lenders may refer STC unit to debt tribunal | 16-NOV-09 |
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| 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. |
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| IDBI Bank Unveils HOMES 2009 | 13-NOV-09 |
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| 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. |
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| IDBI follow-on offer in January | 07-NOV-09 |
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| IDBI Bank said on Friday it would come out with a follow-on public offer (FPO) in January to meet its capital needs. It also plans to raise $500 million through overseas bonds to fund Indian corporates’ expansion programmes abroad. |
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| IDBI Bank unveils HOMES 2009 | 06-NOV-09 |
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| 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. |
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| Observance of Vigilance Awareness Week -2009 in IDBI Bank | 03-NOV-09 |
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| ‘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. |
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| IDBI Bank raises $225 million loan | 27-OCT-09 |
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| 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. |
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| IDBI Bank net surges 56% to Rs 254 cr | 26-OCT-09 |
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| Aided by strong growth of treasury income and other income IDBI Bank recorded a 56 per cent rise in the net profit to Rs 253.74 crore during the quarter ended September 30, 2009 as compared to Rs 162.48 crore during the quarter ended September 30, 2008.
Total Income increased from Rs 3017.56 crore during the quarter ended September 30, 2008 to Rs 4282.84 crore during the quarter ended September 30, 2009.
Other income increased by 33 per cent to Rs 5.62 crore during the quarter ended |
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| IDBI slashes rates for auto, home loans | 30-SEP-09 |
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| In an effort to grow its retail loan portfolio, public sector lender IDBI Bank has decided to slash auto loan rates by over 300 basis points and home loan rates by 25 basis points. |
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| TimesofMoney ties-up with IDBI Bank | 17-SEP-09 |
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| 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. |
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