Page 21 - Idbi Bank
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
 "IDBI Bank to get Rs 9,300-crore capital infusion from promoters")
Government approves over Rs 9,000 cr capital infusion in IDBI Bank
Out of Rs 9,000 crore, the government will provide Rs 4,557 crore as one-time re-capitalisation to IDBI Bank, Javadekar said
IDBI Bank offers repo-linked home, auto loans at interest rates from 8.30%
The products -- Suvidha Plus Home Loan and Suvidha Plus Auto Loan -- will be benchmarked to the Reserve Bank of India's (RBI) repo rate and will be available to customers with effect from September 10
IDBI Bank slips 10% after S&P places ratings on CreditWatch negative
The rating agency said it placed the ratings on CreditWatch to reflect the uncertainty regarding IDBI's ability to meet its regulatory capital requirement over the next few months.
 "IDBI Bank slips 10% after S&P places ratings on CreditWatch negative")
IDBI Bank tanks 9% as Q1 loss widens to Rs 3,801 cr on poor asset quality
The bank had posted a loss of Rs 2,409.89 crore in the April-June quarter of 2018-19
IDBI Bank tanks 12% as Q1 loss widens to Rs 3,801 crore
The bank had registered a loss of Rs 2,409.89 crore in the year-ago period.
 "IDBI Bank tanks 12% as Q1 loss widens to Rs 3,801 crore")
Public sector banks volunteer to link their lending rates to repo
Bank of India also cut its MCLR by 25 bps, while Bank of Maharashtra and IDBI Bank had lowered their rate by 10-15 bps on Thursday
 "Public sector banks volunteer to link their lending rates to repo")
Bank of Maharashtra, IDBI Bank cut lending rates by 10 to 15 basis points
Many more banks are expected to follow suit with rate cuts on the back of comfortable liquidity and low bond yields
 "Bank of Maharashtra, IDBI Bank cut lending rates by 10 to 15 basis points")
Oriental Bank of Commerce, IDBI Bank cut MCLR up to 15 basis points
The rate cut follows an MCLR cut by the country's largest lender SBI post the RBI's decision to reduce the key interest rate by 35 bps
Number of pending appeals at Securities Appellate Tribunal rise 70% in FY19
The ratio of appeals dismissed to those decided in favour of Sebi shows a decline. There were 18 appeals in favour of Sebi for every order passed against it in FY18. The ratio has since dropped to 5.5
 "Number of pending appeals at Securities Appellate Tribunal rise 70% in FY19")
IDBI Bank reduces MCLR by 5-10 bps to 8.95% across various tenors
he one-year MCLR is the benchmark against which most customer loans such as auto, personal and home loans are priced
IDBI Bank narrows Q4 loss to Rs 4,918 cr; may exit PCA regime by March 2020
The provisions for NPAs stood at Rs 7,233 crore in Q4FY19 as against Rs 10,773 crore for Q4FY18
IDBI Bank invites bids for MF arm; ICICI Securities selected as advisor
Earlier, it was speculated that IDBI AMC could get merged into the LIC Mutual Fund (MF)
IDBI Bank, IOB dissent against Srei-backed resolution plan for DCHL
The two banks cite unfair treatment saying other lenders will get disproportionately higher amounts, object to payout through a mix of cash and non-core assets
Reserve Bank not in favour of changing IDBI Bank's name
In January, the insurance behemoth LIC completed the acquisition of 51 per cent controlling stake in IDBI Bank
IRDAI seeks proposal from LIC on stake reduction in the IDBI Bank
LIC acquired 51 per cent controlling stake in IDBI Bank, making the insurer the lender's majority shareholder
IDBI Bank plans to sell Rs 100-billion bad loans, exit PCA by September
Indian lenders burdened with the world's worst bad-loan ratio are stepping up effort to recover delinquent debt after the Reserve Bank of India announced tougher rules
 "IDBI Bank plans to sell Rs 100-billion bad loans, exit PCA by September")
IDBI drafts revival strategy to bring banking, insurance under one roof
The bank and LIC, through its collective network of branches, offices and workforce, have started leveraging their mutual business synergies
 "IDBI drafts revival strategy to bring banking, insurance under one roof")