Page 21 - Idbi Bank
Suresh Kishinchand Khatanhar elevated as Deputy MD of IDBI Bank
Khatanhar took charge as DMD on Wednesday, the filing said
 "Suresh Kishinchand Khatanhar elevated as Deputy MD of IDBI Bank")
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
 "IDBI Bank plans to raise up to Rs 2,000 crore through tier-II bonds")
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
 "Financial sector needs to rebuild trust, says YES Bank CEO Ravneet Gill")
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.
 "SBI likely to pay Essar lenders on Dec 16 as ArcelorMittal pays up")
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.
 "Jaypee Infra lenders to put bids of NBCC, Suraksha on vote simultaneously")
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
 "Muthoot Finance gets hold of IDBI MF arm for around Rs 215 crore")
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
 "Govt to take 6 months to divide J&K Bank assets, liabilities and ownership")
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 narrows losses to Rs 3,459 cr on higher margins, lower NPAs")
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 Bank declares Vijay Mallya 'wilful defaulter' over payment default")
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
 "IDBI AMC employees fear for jobs as bank considers divesting stake")
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
 "Can LIC and Rakesh Sharma save IDBI Bank?")
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 to resume corporate lending in limited way for existing customers")
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 declines 4% after Board approves 19.18% stake sale in APCIL")
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
 "Sebi partially freezes LIC's voting rights in National Stock Exchange")
Three senior executives to leave IDBI Bank in September
Bank has reshuffled portfolios of executive directors to ensure smooth working of institution.
 "Three senior executives to leave IDBI Bank in September")
Top 10 biz headlines: Truck sales fall 60%, GST cut for hybrid cars & more
From sales of medium and heavy commercial vehicles falling by over half in Aug to the GST Council considering a breather for hybrid vehicles in its upcoming meeting, here is today's top business news
 "Top 10 biz headlines: Truck sales fall 60%, GST cut for hybrid cars & more")
IDBI Bank to get Rs 9,300-crore capital infusion from promoters
This is the first time the government has decided to pump money in IDBI Bank after LIC acquired a majority stake of 51 per cent in the bank - a process completed in January