Page 20 - Idbi Bank

IDBI Bank rallies 17% as FM Sitharaman proposes to sell entire govt stake

The government, which continues to be a promoter, holds around a 46.5 per cent stake in IDBI Bank and is classified as a private bank following LIC's acquisition.

Is it time to revisit the Budget 2000 promise?

Since Yashwant Sinha emphasised on reducing the government's stake in public sector banks, things have only worsened

IDBI Bank to meet RBI this week, seek removal of restrictions under PCA

The PCA norms trigger if a bank's net NPA crosses 6 per cent or if CRAR (capital to risk weighted assets) is below the regulatory requirement of 10.88 per cent as of March 2019.

Suresh Kishinchand Khatanhar elevated as Deputy MD of IDBI Bank

Khatanhar took charge as DMD on Wednesday, the filing said

IDBI Bank plans to raise up to Rs 2,000 crore through tier-II bonds

The bank reported overall capital adequacy ratio of 11.98% in September this year

Finance Ministry asks central, state depts to continue work with IDBI Bank

It can be noted that in January 2019, the insurance behemoth completed acquisition 51 percent stake in IDBI Bank, following which the Reserve Bank re-categorised it as a private sector bank.

Financial sector needs to rebuild trust, says YES Bank CEO Ravneet Gill

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai

SBI likely to pay Essar lenders on Dec 16 as ArcelorMittal pays up

As per the resolution proposal, banks would recover over 90 per cent of their claims against Essar Steel, amounting to over 40,000 crore.

IDBI to sell 49% stake in two of its subsidiaries, to retain control

IDBI Bank will sell up to 49 per cent stake in its subsidiaries IDBI Capital Markets & Securities Ltd (ICMS) and IDBI Intech Ltd (IIL). The board of directors of IDBI Bank has given in-principle approval to divest or dilute IDBI Bank's stake in its subsidiaries namely IDBI Capital Markets & Securities Ltd (ICMS) and IDBI Intech Limited (IIL) to the extent of 49 per cent to the prospective investors, the private sector lender said in a regulatory filing. IDBI Bank said it will retain controlling stake in the subsidiaries with itself. Shares of IDBI Bank closed at Rs 33.50 on the BSE, down by 1.90 per cent from the previous close.

Jaypee Infra lenders to put bids of NBCC, Suraksha on vote simultaneously

Anuj Jain was appointed as an interim resolution professional (IRP) to conduct insolvency process and also manage the affairs of the company.

Muthoot Finance gets hold of IDBI MF arm for around Rs 215 crore

The acquisition will mark MFIN's foray into the Rs 26-trillion MF space. George Alexander Muthoot, managing director, MFIN, said

Govt to take 6 months to divide J&K Bank assets, liabilities and ownership

With the new development, the Centre will automatically get the 60% share that the state of Jammu and Kashmir holds, but via the Union Territories

IDBI Bank narrows losses to Rs 3,459 cr on higher margins, lower NPAs

Tier 1 capital and CRAR stood at 9.52 percent and 11.98 percent, respectively

IDBI Bank declares Vijay Mallya 'wilful defaulter' over payment default

IDBI Bank has informed and cautioned the public through the notice that "no person shall deal with any of the properties of the borrower/guarantor as huge dues are to be recovered from them".

IDBI AMC employees fear for jobs as bank considers divesting stake

According to sources, 190-200 employees at IDBI AMC have raised concerns over job continuity

Can LIC and Rakesh Sharma save IDBI Bank?

IDBI Bank will post net loss in September and probably in the December quarter too but it can come out of the woods

IDBI Bank to resume corporate lending in limited way for existing customers

The bank was waiting to meet capital adequacy norms before starting corporate lending.

IDBI Bank declines 4% after Board approves 19.18% stake sale in APCIL

Earlier this month, the Union cabinet had approved capital infusion worth over Rs 9,000 crore into the bank.

IDBI Bank puts Rs 9,750-crore non-performing loans on the block

The top 10 exposure up for sale include Lanco Amarkantak (Rs 1,077 crore), Reliance Communications (Rs 721 crore), Ballarpur Industries (Rs 493 crore), Jyoti Structures (Rs 396 crore), and Unitech

Sebi partially freezes LIC's voting rights in National Stock Exchange

State-owned life insurance giant deemed trading member; may have to divest holding to below 5 per cent