IDBI

The employees' forum urged the government to disclose the strategic sale proposal, preserve public ownership of IDBI Bank and hold a parliamentary discussion before any decision

State-owned NLC India's subsidiary NLC India Renewables Ltd (NIRL) has appointed four leading investment banks, including SBI Capital Markets and HDFC Bank, as book running lead managers for its proposed initial public offering (IPO). The other two book running lead managers (BRLMs) which have been selected following a board-approved, structured and competitive process are -- IIFL Capital Services, IDBI Capital Markets & Securities. The proposed IPO is expected to strengthen NIRL's capital base and support its long-term growth strategy in the renewable energy sector and to contribute to the country's target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030, a company statement said on Friday. Also, it is intended to facilitate the listing of the equity shares of NIRL on the recognised stock exchanges in India, subject to receipt of applicable statutory and regulatory approvals, prevailing market conditions and other customary considerations. The appointment is ..

The decision follows the company's settlement with IDBI Trusteeship Services; the NCLT order further records that all pending applications in the matter stand disposed of

Coal India, IDBI Bank, Jindal Stainless, Ajanta Pharma and Graphite India were seen trading above the higher end of the Bollinger Bands backed by strong volume on charts.

Breakout stocks: IDBI, Bandhan Bank, Exide Industries, Finolex Industries and Nava have recently witnessed a breakout on their respective technical charts; here's a strategy to trade.

This scheme offers an additional 65 basis points (bps) over the bank's standard fixed deposit rates and 15 basis points (bps) over the senior citizen rates

IDBI Bank has announced the ESO Admit Card 2024. Candidates who applied for Executive -Sales and Operations (ESO) 2025-26 can download the call letter from the official website at idbibank.in

Toll road operator is under insolvency resolution regime

State-owned NARCL has submitted an anchor bid of Rs 300 crore for exposure, prompting a Swiss auction scheduled for October 30

The consortium of lenders includes Indian Bank, State Bank of India, DBS Bank, Punjab National Bank, Bank of Maharashtra, Karur Vysya Bank, and City Union Bank apart from Canara Bank

With an aim to garner more deposits, IDBI Bank on Tuesday increased its fixed deposit rate to 7.85 per cent for 444-day tenure for a limited period. The bank now offers a peak rate of 7.85 per cent and 7.75 per cent per annum on tenures of 444 days and 375 days, respectively, IDBI Bank said in a statement. This enhancement makes the Utsav Fixed Deposit an even more compelling option for customers seeking higher yields, it said. This offer is valid till September 30, 2024, it said, adding, customers can open an Utsav Fixed Deposit conveniently through the bank's website or mobile banking application or at any branch of the bank. Besides this, IDBI Bank continues to offer competitive rates on other special tenures under the Utsav Fixed Deposit scheme. The 700-day tenure offers a peak rate of 7.70 per cent, while the 300-day tenure provides 7.55 per cent, it said. Both Finance Minister and RBI Governor have expressed concern over slow pace in deposit growth as compared to credit ...

Central government and LIC are set to divest 61% stake amid strategic disinvestment drive. The govt aims to generate Rs 50,000 crore through asset monetisation this fiscal year

Reserve Bank of India (RBI) had approved Bansal's appointment as the MD and CEO of the payments bank, he communicated on June 20 to IDBI Bank

The MACD - a key momentum oscillator has turned favourable for these 5 Nifty MidCap stocks, with charts indicating a likely upside of up to 15% ahead.

Axis Finance and IDBI had challenged the merger in NCLAT

IDBI Capital and Mirae Asset have been appointed as the merchant bankers for the listing

The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment. A three-member NCLAT bench deferred the hearing after the counsel appearing in the matter sought an adjournment to complete the pleadings. IDBI Bank in its plea has challenged the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which, on May 19, 2023, had set aside the insolvency plea against the media major, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC). In its order, the NCLT bench had said that ZEEL, which was the corporate guarantor for the loan availed by Siti Networks -- the principal borrower of IDBI Bank -- has committed a default. However, the default was committed during the timeline specified under section 10A of the IBC. Section 10A mandates no application for initiation of a corporate insolvency resolution ..

IDBI Bank and Axis Finance have both filed pleas National Company Law Appellate Tribunal (NCLAT) challenging the merger

The RBI normally takes about 12-18 months to complete the assessment before allowing an entity to run a bank

In a past instance, the Nifty PSU Bank corrected over 23 per cent in the following two months after the index entered overbought zone on the monthly scale.