Page 18 - Idbi Bank

IDBI Bank falls 19% on listing of fresh shares allotted to QIBs

The Committee at its meeting held on Saturday i.e. December 19, 2020, approved the issue and allotment of 371.8 million equity shares to the 44 eligible QIBs

IDBI Bank likely to draw Rs 1,500-crore fresh equity capital from LIC

The base size of issue was Rs 1,000 crore with green shoe option of Rs 1,000 crore. The issue opened on December 15 and closed on December 18.

IDBI Bank raises Rs 1,435 cr from 44 investors via issue of equity shares

IDBI Bank has raised Rs 1,435 crore through an issue of equity shares to 44 qualified institutional investors, according to a regulatory filing

IDBI Bank Q2 net profit at Rs 324 cr vs Rs 3,459 cr loss a year ago

Net interest income up 4% to Rs 1,695 cr, NIM improves by 37 bps to 2.7%

IDBI Bank Q2 profit at Rs 324 cr; brings down provisions for bad loans

Compared sequentially, the bank registered a 125 per cent jump against the first quarter net profit of Rs 144 crore, IDBI Bank said in release

IDBI Bank surges 18% on government stake sale plan report

In January 2019, Life Insurance Corporation (LIC) completed the acquisition of a 51 per cent controlling stake in the lender.

IDBI Bank to raise Rs 11,000 cr through QIP; six merchant bankers appointed

Six merchant bankers appointed; LIC may abstain, but committed to retaining stake at 51% for the next two years

Major defaults in our corp bond holdings due to Covid unlikely: LIC chief

In a Q&A, chairman M R Kumar says the insurance behemoth isn't considering scaling down targets and hopes to reach its budgeted figures at the end of FY21

Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs

Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders

IDBI Bank inks pact to divest 27% stake in insurance JV for Rs 595 cr

Currently, LIC-promoted IDBI Bank holds 48 per cent in IFLIC, while Federal Bank and Ageas hold 26 per cent each

Centre looking to offload its stake in IDBI Bank in FY21: Govt official

The government, a promoter, holds around 46.5 per cent stake in IDBI Bank, while LIC owns 51 per cent

Bandhan Bank to IDBI Bank: 5 bank stocks that investors are betting on

With new strategies in place, the coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank

IDBI Bank posts Q1 PBT of Rs 438 cr against Rs 5,381 cr loss a year ago

Rise in net interest income, dip in provisioning drive better numbers; net profit at Rs 144 cr in Q1FY21, versus Rs 3,800 cr loss same quarter last year

Market Ahead, July 28: All you need to know before the opening bell

A total of 132 companies, including UltraTech Cement, Nestle India, and IDBI Bank, are scheduled to announce their results today

IDBI Bank seeks shareholders' nod for raising Rs 11,000 cr in share capital

Proceeds will be used to strengthen the lender's Capital Adequacy Ratio; bank to hold AGM on August 17 exclusively via video conferencing, other audio-visual means

IDBI Bank hopes to come out of RBI PCA framework this fiscal: MD Sharma

The Reserve Bank in May 2017 had placed the IDBI Bank in the PCA framework because of the deterioration in the financial health of the bank

Loss-making banks back to black but little to cheer

Pain and uncertainty will be a way of life for many banks in 2021. For a few, the light at the end of the tunnel has turned into a flicker

MARKET WRAP: Sensex slips 143 pts amid weak global cues; financials decline

All that happened in the markets today

Govt plans to raise Rs 20,000 crore by selling stakes in CIL, IDBI Bank

In case of Coal India, if valuations are not attractive, company will buy back shares from the govt

IDBI Bank's market-cap crosses Rs 50,000 cr, stock surges 51% in 2 weeks

IDBI Bank stood at number 54th position in the overall market-cap ranking of listed companies, BSE data shows.