Page 19 - Idbi Bank

IDBI Bank gains 5%, hits 52-week high on plan to sell stake in insurance JV

IDBI Bank has 48 per cent stake in IDBI Federal Life Insurance, which started operations in 2008

IDBI Bank to raise Rs 595 crore by divesting 27per cent stake in IFLI

The board of directors at IDBI Bank has approved a plan to offload 27 per cent stake in IDBI Federal Life Insurance at a combined value of Rs 595 crore

Federal Bank to buy another 4% stake in its JV from IDBI Bank for Rs 80 cr

The stake buy from the state-run IDBI Bank will take Federal Bank's stake in the 12-year-old company to 30%

IDBI Bank don't see any 'material impact of Covid-19' on future results

The implementation of lockdown and extensions has resulted in disruptions of business and common life, the lender said in a filing to the exchanges

IDBI Bank nears 52-week high; zooms 99% in 6 days on Rs 135 cr profit in Q4

The stock of the private sector lender was trading close to its 52-week high of Rs 40.90 touched on November 25, 2019

IDBI Bank zooms 57% in 3 days post Q4 nos; m-cap surpasses IndusInd Bank

At 09:17 am, the lender's m-cap hit Rs 330 billion-mark, and was ahead of IndusInd Bank's m-cap of Rs 312 billion, the BSE data shows.

Covid-19 impact: LIC listing, IDBI Bank stake sale may be postponed

Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 had announced stake sale in LIC through an initial public offer in the current financial year

IDBI Bank reports PBT of Rs 289.66 cr for Q4FY20 over healthy rise in NII

The bank's net interest income (NII) rose by 46 per cent to Rs 2,356 crore in Q4FY20 from Rs 1,609 crore Q4FY19

IDBI Bank posts Rs 135 cr profit in Q4 on account of bad loan recoveries

The bank, majority owned by Life Insurance Corporation of India (LIC), had posted a net loss of Rs 4,918 crore in the corresponding period of last year

IDBI Bank plans to raise Rs 7,500 cr via rupee bond in current fiscal

The Board of Directors, at its meeting held on Wednesday, April 8, 2020, has approved the rupee bond borrowing limit of Rs 7,500 crore for FY 2020-21 to be borrowed in one or more tranches

IDBI Bank grants moratorium on term loans amid Covid-19 disruption

The lender has sent a communication to its customers that they were being offered a moratorium.

Dec quarter shows much-needed improvement in asset quality for PSU banks

Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress

IDBI Bank Q3 PBT at Rs 756 cr on higher NII, dip in NPA provisions

Lender posts net loss on one-time hit as it opts for lower tax rate

IDBI Bank Q3 net loss widens to Rs 5,763 cr, NPAs at 29%

IDBI Bank had posted a net loss of Rs 4,185.48 crore during the corresponding October-December period of the previous fiscal year.

Looking to unlock value in IDBI Bank ahead of IPO, says LIC Chairman

Presenting the Budget, Finance Minister Nirmala Sithraman had said the government would sell a part of its 100 percent holding in LIC through an IPO in the next fiscal year

IDBI Bank raises capital worth Rs 745 cr via tier-II bonds after 2 years

Bank officials said the money raised through tier II bond offering is expected to increase Capital Adequacy Ratio (CAR) by about 50 basis points

Sitharaman's Budget 2020: Investor support may not sustain for IDBI Bank

The bank is expected to come out of the Reserve Bank of India's prompt corrective action (PCA) framework by March 2020

Budget 2020: LIC listing, IDBI Bank stake sale tops FM Sitharaman's agenda

Budget 2020: LIC listing, IDBI Bank stake sale tops FM Sitharaman's agenda

LIC IPO, IDBI stake sale to lead govt's Rs 2.1-trn sell-off drive in FY21

Next year's target is the highest ever

Budget 2020: Govt plans to sell stake in LIC, sets new disinvestment target

Paring its stake in the insurance giant will help the government meet its divestment target, which has been increased to Rs 2.1 trillion in financial year 2021