Page 13 - Idbi Bank

RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank

A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain directions issued by RBI, the regulator said in a release

CCI probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel

Indian regulations mandate that companies raising debt appoint a so-called 'debenture trustee' to protect the interests of investors.

IDBI Bank to sell balance stake in Life Insurance JV to Ageas

The board of directors has approved to sell IDBI Bank's entire stake of 200 million equity shares in AFLI to Ageas pursuant to exercise of Call Option by Ageas.

IDBI Bank plans to raise up to Rs 3,000 crore through AT1 bonds

The private sector lender will also raise up to Rs 1,000 crore via infrastructure bonds to fund projects and affordable housing.

IDBI Bank board okays rupee bond borrowing limit of Rs 8,000 cr for FY23

Stock of IDBI Bank closed 3.05 per cent down at Rs 42.85 apiece on BSE

IDBI Bank privatisation: Govt holding roadshows to gauge investor interest

The Cabinet Committee on Economic Affairs had in May last year given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank

Govt plans to float EoI for its stake sale in IDBI Bank next month

Necessary amendments to the IDBI Bank Act have already been made through the Finance Act 2021, and transaction advisors have been appointed

Rakesh Sharma reappointed as MD&CEO of IDBI Bank for a period of 3 years

Rakesh Sharma's reappointment as the MD&CEO of IDBI bank has received the banking regulator, Reserve Bank of India's (RBI) nod.

Special dispensation on voting rights not likely for IDBI Bank buyer

May be capped at 26%, irrespective of stake bought

IDBI Bank a strategic partner, don't want to exit it fully: LIC chairman

Kumar says investors need not worry about govt control post IPO

Govt to initiate investor outreach for IDBI Bank sale from Feb 25

The roadshows for the strategic disinvestment of IDBI Bank will be held virtually as investors are not keen on physical meetings due to pandemic fears.

Market wrap: Sensex ends choppy day 145 pts down, Nifty holds 17,300

Vedant Fashions makes decent debut, lists at 8% premium; Vijay Kedia-owned stock hits 10% upper circuit on order win; IDBI Bank gains 3% as govt set to begin investor outreach from Feb 25

Top headlines: IDBI Bank privatisation on track; I-T searches on Huawei

Here are the top headlines on Wednesday

More capital support to IDBI Bank may have adverse impact on LIC: DRHP

LIC had infused Rs 4,743 crore into IDBI Bank on October 23, 2019 using policyholders' funds while the bank further raised Rs 1,435.1 crore in Dec. 2020 by way of a qualified institutional placement

LIC Housing or IDBI will stop home loan business by Nov 2023: LIC IPO DRHP

Housing finance will be conducted only by one entity, the insurer said, in the draft red herring prospectus (DRHP) for its initial public offering (IPO)

Top headlines: RIL Q3 results, IDBI Bank sale after LIC IPO, and more

Reliance Industries Ltd on Friday reported a consolidated net profit of Rs 18,549 crore in the quarter ended December 2021

IDBI Bank Q3 net profit jumps 53% to Rs 578 cr on robust NII growth

Net interest income up 30% YoY to Rs 2,2383 cr

Centre to get cracking on IDBI Bank sale once LIC IPO is launched

With LIC IPO being top priority, other plans take back seat

Stocks to Watch: RIL, Wockhardt, IDBI Bk, SJVN, Titan, DMart, FMCG, Pharma

Pharma shares may be in focus as India's apex health research organization ICMR has raised concerns around the safety for use of the oral antiviral drug Molnupiravir

Top headlines: Doctors, nurses prep for 3rd wave; EC set to give poll dates

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale. More in today's top headlines