Page 25 - Idbi Bank
IDBI Bank fraud case: CBI probes documents on loans to Aircel ex-promoter
The bank had initiated recovery actions to recover dues from the borrower in August 2016, it said
 "IDBI Bank fraud case: CBI probes documents on loans to Aircel ex-promoter")
IDBI Bank prepares roadmap for NPA reduction, improving financial health
Strategies have been drawn to ensure that the NPAs are reduced in a structured manner by taking help of Insolvency and Bankruptcy Code (IBC) and other means
 "IDBI Bank prepares roadmap for NPA reduction, improving financial health")
IDBI Bank mulls buyback of $1-bn overseas bonds as part of turnaround plan
The buyback activity would be spread over quarters and would be done in small tranches for reasons of absorption
IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows
Recently, the lender sold a commercial building for Rs 9 billion, taking the total non-core asset sales to over Rs 41 billion in FY18
RBI's Rs 30-mn penalty not to have any material impact: IDBI Bank
According to a BSE filing by IDBI Bank, the RBI imposed a Rs 30 million penalty on it for non-compliance of IRAC norms
 "RBI's Rs 30-mn penalty not to have any material impact: IDBI Bank")
IDBI Bank sells property at Bandra-Kurla Complex to Sebi for Rs 10 billion
It has been trying to offload non-core assets and investments, to raise money for meeting the Basel-III norms on capital adequacy
CBI registers three FIRs in Rs 7.43-bn NPA in IDBI Bank
There are a total of 41 others accused in these three separate FIRs, says CBI
IDBI begins quality assurance audit to further align with 'best practices'
For this purpose, the bank has appointed an external expert who was very much associated with the audit reforms in the PSBs
IDBI's 30% stake sale in NSDL delayed; transaction may spill over to FY19
IDBI Bank has been selling non-core investments through 2017-18
IDBI Bank bucks trend in weak market; zooms 51% in one month
The stock surged 14% to Rs 91.50, hit a fresh 52-week high on the NSE in intra-day trade on back of heavy volumes
Govt asks IDBI Bank to rejig its senior management like other PSBs
Much of IDBI Bank's special status was stripped off a few years ago when govt said the rank of the IDBI MD and CEO would be same as those of other banks
IDBI Bank gains 8% in weak market
The stock surged 8% to Rs 80.75 with combined 63.61 million equity shares changed hands on the BSE and NSE.
Moody's upgrades outlook on IDBI Bank to 'positive' from 'stable'
Expects improvement in capital position and stable asset quality
IDBI Bank, IndiGo, Persistent Systems hit 52-week highs
Avenue Supermarts, Britannia Industries, Hindustan Zinc, Mindtree, Venky's India and Sunflag Iron & Steel Company were hit their respective record highs.
 "IDBI Bank, IndiGo, Persistent Systems hit 52-week highs")
IDBI Bank hits 9-month high; up 21% in four days
The stock rallied 6% to Rs 74.60 on BSE, its highest level since May 18, 2017, on back of heavy volumes.
IDBI Bank sells 30% NEGIL stake to IIFL Wealth for Rs 11 billion
The bank had raised about Rs 21 billion through auction of non-core assets between April and December 2017
IDBI Bank pares 4.89% stake in SIDBI for undisclosed amount
IDBI Bank had said that the intention to sell stake was to mobilise funds by existing non-core business
IDBI Bank to terminate all rating contracts with Moody's Investors Services
The global ratings firm had also downgraded the bank's local and foreign currency bank deposit ratings to B1 from Ba2
 "IDBI Bank to terminate all rating contracts with Moody's Investors Services")
Bank unions on strike on Dec 27, demand wage hike for IDBI Bank employees
The IDBI Bank employees went on two-day strike in October demanding revision of wages
IDBI Bank expects balance sheet stability by March 2019
With capital infusion from the government and a turnaround plan in place, IDBI Bank expects stability to return to its balance sheet by March 2019.The government-owned bank, in the red due to large provisioning for loans gone bad, posted a net loss of Rs 198 crore in the quarter ended September (Q2), from a profit of Rs 56 crore in the same period of 2017. The net loss for the June quarter (Q1) was Rs 858 crore.However, operating profit rose by 81.7 per cent to Rs 2,798 crore in Q2 from a year before (it was Rs 877 crore in Q1). M K Jain, managing director, said the growth in operating profit was expected to be 20-22 per cent for the financial year ending March 2018.In September, the bank hired The Boston Consulting Group (BCG) to accelerate its turnaround plan and improve financial performance. IDBI is supposed to focus on four areas -- revenue enhancement, cost control & reduction, asset productivity and overall programme management, in consultation with BCG.Executives said the