Page 16 - Idbi Bank
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
 "We'll be selective in our lending decisions, says IDBI Bank's Rakesh Sharma")
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
 "Rising bond yields, Covid-19 cases spoil D-St party; Sensex slides 487 pts")
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%
 "Indian shares surge on financial boost; IDBI Bank stocks jumps over 17%")
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
 "IDBI Bank surges 17% as RBI removes lender from PCA framework")
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
 "Stocks to watch: IDBI Bank, M&M, Prestige Estates, SBI Life, Quick Heal")
IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs
Deck clears for government's stake sale; improvement in lender's finances key to invoke investor interest
 "IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs")
With IDBI Bank out of PCA regime, other three may follow: Experts
On the liabilities side, these entities have made efforts to increase the share of low-cost money in current and savings accounts
 "With IDBI Bank out of PCA regime, other three may follow: Experts")
With no PCA overhang, IDBI Bank expects to grow loans at 8%-10% in FY22
Corporate credit back on the lender's agenda; RBI to review the lender's performance each quarter for 1 year
 "With no PCA overhang, IDBI Bank expects to grow loans at 8%-10% in FY22")
Top headlines: Bharat Biotech's Covaxin off trial, IDBI Bank out of PCA
Saudi Aramco's $44-billion refinery project at Nanar in Ratnagiri has become a bone of contention between the Maharashtra government and the Centre
 "Top headlines: Bharat Biotech's Covaxin off trial, IDBI Bank out of PCA")
RBI takes IDBI Bank out of PCA framework after lender improves finances
IDBI Bank has been under the PCA framework since 2017 because of the deterioration in its health
RBI takes IDBI Bank out of PCA framework, subject to certain conditions
Board for Financial Supervision (BFS) found IDBI Bank not in breach of PCA parameters on capital, Net NPA and Leverage Ratio
 "RBI takes IDBI Bank out of PCA framework, subject to certain conditions")
GMM Pfaudler, IDBI Bank: 14 Nifty500 stocks have surged above their 200-DMA
Analysts prefer stocks trading above the 200-DMA, since they tend to perform better in a trending market. Risk management, hence, becomes comparatively easier
 "GMM Pfaudler, IDBI Bank: 14 Nifty500 stocks have surged above their 200-DMA")
IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit
The lender is in a better shape and the current capital base is adequate and could support growth in the next financial year
 "IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit")
IDBI Bank to set off accumulated losses worth Rs 45,586-crore
The issued, subscribed and paid-up share capital is worth Rs 10,752.40 crore and the security premium is of Rs 50,732.27 crore.
BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space
Leading names of India's banking industry join Tamal Bandyopadhyay at Business Standard's Unlock BFSI 2.0 to discuss the issues plaguing the sector
 "BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space")
Fair winds ahead for private banks as risks of NPLs recede in a slowdown
YES Bank faces greater asset risks than its peers, although its capitalisation, liquidity and funding have improved
 "Fair winds ahead for private banks as risks of NPLs recede in a slowdown")
Tweak in Act to grant IDBI 'bank licence' after govt offloads stake
Section 22 of the Banking Regulation Act states that no company shall conduct banking business in the country unless it holds a licence issued by the RBI
IDBI Bank posts net profit of Rs 378 cr in Q3; net interest income up 18%
Deposits grew from Rs 2.18 trillion in December 2019 to Rs 2.24 trillion.
LIC-owned IDBI Bank posts Q3 net profit of Rs 378 crore as NII grows
Life Insurance Corporation -owned IDBI Bank reported a standalone net profit of Rs 378 crore for December quarter 2020-21 on the back of healthy growth in interest income. The lender, which is under the Reserve Bank of India's prompt corrective action (PCA) since May 2017, had reported a standalone net loss of Rs 5,763 crore in the year-ago quarter. On a consolidated basis, its profit after tax stood at Rs 393.15 crore, compared to a loss of Rs 5,728.70 crore last year. The profit has increased to Rs 378 crore in the quarter. It has been contributed by growth in the other income and net interest income. Our operating profit grew by 32 per cent (quarter-on-quarter) and net interest margin has increased to 2.87 per cent, bank's managing director and CEO Rakesh Sharma told reporters. Net interest income (NII) grew 18 per cent to Rs 1,810 crore as against Rs 1,532 crore in the same quarter of the previous fiscal. Its net interest margin (NIM) improved by 60 basis points to 2.87 per ce
IDBI Bank shares gain over 2% after third quarter earnings
The firm reported a standalone net profit of Rs 378 crore for the December quarter