Page 17 - Idbi Bank

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

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

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 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

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

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

IDBI Bank takes prompt corrective action; all eyes now on Q3 results

The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away

Loan book audit at IDBI Bank to identify stress areas ahead of stake sale

Audit report may form the basis of valuations in impending disinvestment by the government

Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore

On offer are 206.5 million shares, or 5% of company's stock, at a floor price of Rs 64 a share, with option to sell another 5% if issue is oversubscribed

Stocks to watch: HDFC, DHFL, Bajaj Finance, Edelweiss Financial, IDBI Bank

MOIL will form JV with Gujarat Mineral Development Corporation for manganese ore mining JV in Gujarat

RBI wants IDBI Bank to come out of PCA framework before stake sale

The government's shareholding in the lender is 47.11 per cent, while LIC holds 51 per cent in it

Stocks to watch: Antony Waste, M&M, JSPL, Infibeam Avenues, IDBI Bank

The shares of auto companies will remain in focus today after a host of companies are scheduled to release auto sales figures for December 2020

IDBI Bank sells 23% stake in life insurance JV to Belgian partner

LIC-controlled IDBI Bank on Thursday said it has sold 23 per cent stake in life insurance venture to foreign partner Ageas for Rs 507 crore

IDBI Bank sells 23% stake in its life insurance arm to Ageas for Rs 507 cr

With this, Ageas will hold 49% in the insurance venture, which is being rebranded as Ageas Federal Life Insurance Company

Top headlines: Coronaviurs vaccine, IDBI Bank stake sale, and more

Here are the top business headlines on Friday