Page 25 - Idbi Bank

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 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

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

IDBI Bank posts Rs 198-cr loss in Q2, its fourth straight quarterly loss

IDBI shares were trading 4.3 per cent lower at the stock exchange

AIBEA calls for two-day all-India strike in IDBI Bank over wage revision

Strike to be held on October 24 and 25 with AIBEA calling upon all its unions to support the agitation by demonstrating in front of IDBI Bank branches

IDBI Bank to sell entire stake in NSDL

NSDL is promoted by IDBI, the NSE, and the Specified Undertaking of the Unit Trust of India

Govt raises stake in IDBI Bank to 77.79% from 73.98%

The government earlier had 73.98 per cent stake in IDBI bank

IDBI Bank hires BCG to advise on turnaround plan

Public sector lender IDBI Bank has hired The Boston Consulting Group (BCG) to accelerate a turnaround programme and improve its financial performance.M K Jain, the bank's managing director, said: "BCG will assist us to identify areas for cost containment and revenue maximisation." IDBI has had mounting losses and due to the size of its non-performing loans, is under the Reserve Bank of India's Prompt Corrective Action (PCA) plan.The bank expects to identify and address existing gaps, capitalise on core strengths and improve products and processes with BCG's help, it said on Tuesday. The focus will be on four areas -- revenue enhancement, cost control and reduction, asset productivity and overall programme management.BCG had advised IDBI in 2001, when the latter was a development finance institution, on transiting to become a universal bank.IDBI has also decided, said an executive, to appoint a human resource advisor and information technology experts, to improve its systems.It has ...

IDBI Bank sells 2.5% stake in Clearing Corporation of India

CCIL facilitates clearing and settlement of transactions in money, government bonds, foreign exchange and derivative markets

IDBI Bank seeks fresh bids for acquiring 13.7% stake in Sidbi, stock rises

Meanwhile, the S&P BSE Sensex was up 26.97 points, or 0.09 per cent to 31,689.71

IDBI Bank looks to exit early from NSE

IPO delay may force lender to sell its 1.5% stake, valued at Rs 700 crore, privately

IDBI Bank topples IOB as lender with highest NPA ratio

IDBI Bank's gross NPAs soared to Rs 50,173 crore in the Q1 of 2017-18

Why Street looked past IDBI Bank's NPA divergence

With gross bad loan ratio already over 21%, analysts say situation can't get worse

IDBI Bank bullish on UP agri sector, aims to utilise untapped potential

So far, IDBI Bank has set up 208 dairies in UP by financing various allied schemes

IDBI Bank to raise up to Rs 5,000 crore

The bank will put the proposal for raising equity capital before shareholders at its AGM on July 18

IDBI Bank mulls action under bankruptcy code in 10 cases

Bank will use NCLT platform for medium sized enterprises where it has the maximum exposure