Page 16 - Idbi Bank

S&P Global Ratings affirms BB/B ratings on IDBI Bank with negative outlook

S & P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.It also affirmed BB programme rating on the senior unsecured notes under its medium-term notes (MTN) programme and then withdrew the ratings at the bank's request.S & P said the outlook was negative at the time of withdrawal. "We affirmed the ratings because we expect IDBI Bank's improving financial performance to offset the risk of bank's weakening link with the government."The Union Cabinet has approved strategic disinvestment along with the transfer of management control in IDBI Bank. "We considered this as a key transition risk for the rating over the next 12 to 18 months."The high uncertainty associated with an eventual timeline of divestment raises further transition risk. S & P said the strategic sale in IDBI Bank will likely be challenging in the current year owing to the bank's low equity valuation and wary investor sentiment under Covid-19.S & P

Defaulters seek generous bailouts like Siva-IDBI Bank one-time settlement

That deal, approved by 90% of Siva Industries lenders, was signed as there were no other suitable offers; lawyers say it will set a bad precedent

IDBI Bank to cap corporate exposure to Rs 500 crore: Here're the details

The bank is also looking to grow its Rs 45,000 crore corporate book by about 10 per cent.

IDBI Bank board to consider proposal to raise equity capital on May 15

The board of IDBI Bank will consider the proposal to raise equity capital through various modes in its meeting on May 15

IDBI Bank: A dilemma of 'parallel sales' in the Indian financial sector

A buyer of the government's stake will have to contend with simultaneous market sales by the other major shareholder, LIC

IDBI Bank shares zoom 15% as Cabinet gives in-principle nod to divestment

The government and LIC together own 94.72 per cent of equity of IDBI Bank

Stocks to watch: Hero MotoCorp, IDBI Bank, Tata Steel, Coforge, Icra

Tata Steel reported a higher-than-expected consolidated net profit at Rs 6,644 crore in the March quarter (Q4) of FY21, against a net loss of Rs 1,481 crore in the corresponding period last year

As part of strategic disinvestment, govt, LIC to sell stakes in IDBI Bank

Quantum of stake sale to be decided while structuring the transaction

Cabinet approves strategic disinvestment in IDBI Bank

LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter

Digital banking can mask risks, say CROs at Business Standard webinar

Efforts to identify key personnel risks need to increase by many notches, given the amount of investments being made in technology, and the number of digital transactions

IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Cabinet to take up divestment of 45.5% stake in debt-laden IDBI Bank soon

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Stressed and not showing: Covid-19 relief hides true picture about banks

Banks seem to be doing better as India's economy recovers from the Covid-19 devastation. But be prepared for shocks when a true picture emerges, writes Devangshu Datta

IDBI Bank to seek approval for Rs 8,000 cr rupee bond borrowing for FY22

IDBI Bank on Tuesday said it is seeking approval for rupee bond borrowings worth Rs 8,000 crore for the next fiscal.

IDBI warns against fake job offers, says no agency hired for recruitment

IDBI Bank on Friday cautioned the public against fake job offers in its name and said it has not hired any agency for recruitment or collecting money. It has come to notice that some unscrupulous persons/recruitment agencies have been making job offers in the name of IDBI Bank by issuing fake offer letters, using the bank's name, logo and address in fake stationery, the lender said in a tweet. The LIC-controlled bank said it has not hired the services of any agency or individual to recruit personnel on its behalf or collect any money/commission/charges for training etc. General public is hereby advised to exercise caution while dealing with such unscrupulous persons/agencies, IDBI Bank said. Further, the bank said its recruitment notifications are always displayed on its website www.idbibank.in.

We'll be selective in our lending decisions, says IDBI Bank's Rakesh Sharma

IDBI Bank, which came out of PCA last week, says processes have been strengthened and past mistakes will not be repeated

Rising bond yields, Covid-19 cases spoil D-St party; Sensex slides 487 pts

Sectorally, all the NSE indices were painted red with the Nifty Auto and PSU Bank indices down around 2 per cent each

Indian shares surge on financial boost; IDBI Bank stocks jumps over 17%

The Nifty Bank Index added 1.28% and is up more than 17% since February. HDFC Bank Ltd was the top boost to the Nifty 50, rising 1.7%

IDBI Bank surges 17% as RBI removes lender from PCA framework

IDBI Bank's exit from the PCA framework eases the rules for lender to expand its business

Stocks to watch: IDBI Bank, M&M, Prestige Estates, SBI Life, Quick Heal

M&M has got a green signal from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor