This has been a bad loan account for more than three years
These five small-cap stocks can rally up to 40 per cent in the medium-term, indicate charts
Its stock was down by 2.03 per cent to Rs 55.6 per share
The LIC-controlled bank had earned a net profit of Rs 324 crore in the same period (July-September) of the last fiscal.
The Centre, through its advisors, will share the strategic sale plan with investors, and how the deal is expected to be structured, an official said
The agency upgraded the rating for the Mumbai-based private lender's bonds, debentures and tier-II capital instruments from "A" to "A+"
The bank in an exchange filing said ICRA has upgraded its existing rating to ICRA A+ from ICRA A for Infrastructure bonds, Flexi Bond, Senior & Lower Tier II bonds and Subordinate debt
The process of bank privatisation would be different from the sale of any other PSU, and more restrictions and measures will have to be put in place, the official said
Most of the merchant bankers who had submitted bids for facilitating strategic sale of LIC-controlled IDBI Bank indicated a time-frame of one year to complete the elaborate process, sources said
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
Amit Banerjee took over as Chairman and Managing Director of BEML on Friday
IDBI Bank on Friday said its board has okayed a proposal to divest its entire stake of over 19 per cent in ARCIL
The near-zero bid could make KPMG one of the largest players in managing deals in the financial services space if IDBI Bank sale is a success
Whether it is net profit, fee income or bad loans, public sector banks have put up a better show in the June quarter than their private peers
LIC, which owns 49.24 per cent, will also offload its stake to transfer management control to the new buyer
Power Finance Corporation (PFC) has increased its global medium-term note programme from USD 5 billion to USD 8 billion
As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank.
With reports of IDBI Bank fully recovering its dues from now-defunct Kingfisher Airlines, fugitive businessman Vijay Mallya on Thursday mocked banks for saying he still owed them money.
Growth in loan book and transfer of some bad assets to NARC will fuel the reduction in gross NPAs
Business Standard brings you the top headlines on Wednesday