Page 26 - Idbi Bank

IDBI Bank hits 52-week low as ICRA, CRISIL downgrade bond rating

The stock hit a 52-week low of Rs 61.75, down 5.5% on BSE in intra-day trade

IDBI Bank mulls insolvency proceedings against defaulter

PSB IDBI Bank's total NPLs are worth Rs 20,949 crore

IDBI Bank first under corrective action plan

High NPAs, negative returns on assets trigger step

IDBI Bank employees to observe one-day strike tomorrow

The bank has received strike notice from United Forum of IDBI Officers and Employees

IDBI Bank to raise up to Rs 2,500 cr in equity capital

The bank would hold shareholders' meeting on April 27 to get nod for the capital raising plan

IDBI Bank appoints Mahesh Kumar Jain as MD and CEO

IDBI Bank today said it has appointed Mahesh Kumar Jain as its new Managing Director & Chief Executive Officer. "Mahesh Kumar Jain, MD & CEO of Indian Bank has been appointed as MD & CEO of IDBI Bank," the bank said in a statement. Jain will head IDBI Bank for the remaining period of his current tenure or until further orders, whichever is earlier, IDBI Bank added. The present MD & CEO of IDBI Bank, Kishor Kharat has been appointed as MD & CEO of Indian Bank, it said further. The appointment will be effective from the date Jain will assume charge of the bank.

GoI issues notification swapping Indian Bank chief with that of IDBI Bank

The Government of India has notified the swaping of IDBI Bank Ltd Managing Director & Chief Executive Officer Kishor Piraji Kharat Indian Bank Managing Director & Chief Executive Officer Mahesh Kumar Jain. The notification comes at a time when IDBI Bank, a pioneering instution in the financial sector, has been suffering due to increase in NPAs among other issues.According to a regulatory filing by Indian bank, the government, through a notification dated March 18, 2017, appointed Kishor Piraji Kharat, MD & CEO of IDBI Bank Limited as MD & CEO of Indian Bank, "for the remaining period of his current tenure or until further orders, whichever is earlier".Further, through a communication on the same day, the government has appointed the present MD & CEO of Indian Bank, Mahesh Kumar Jain as MD & CEO of IDBI Bank Limited. The above appointment will be effective from the date of assumption of charge of the post by Kishor Piraji Kharat, as the position of MD & CEO .

Ex-IDBI Bank CMD Yogesh Agarwal gets bail

He is accused of showing 'undue favours' to now-defunct Kingfisher Airlines owned by Vijay Mallya

Icra cuts rating on IDBI Bank's bonds

Weak Q3 performance triggers rating review

IDBI Bank to sell stake in non-core businesses

The government's holding in IDBI Bank stood at 73.98 per cent as on December 2016

IDBI Bank to divest non-core investments

According to IDBI Bank, the issue of capital may be discussed in a subsequent board meeting

IDBI Bank board meets today to discuss capital raising

The bank has been in discussion with the government on the capital infusion plan

IDBI privatisation back on govt agenda

Will rework strategy, indicates FinMin, concerned at lender's worsening finances

S&P downgrades IDBI Bank to 'BB' on very weak asset quality

It has lowered IDBI's stand-alone credit profile to 'B-' from 'BB-'

IDBI Bank Q3 loss widens to Rs 2,255 cr on bad loans

Total income has decreased to Rs 7,104.21 crore for the quarter ended December 2016

IDBI Bank reports Rs 2,255 crore Q3 net loss

Provisions for bad loans jumped to Rs 2,357 cr from Rs 1,715 cr a year earlier

IDBI Bank reduces MCLR by 30-35 bps

This is the second reduction by the bank in the last two months after demonetisation

Holiday meeting led to hasty sanction of Rs 350 cr to Kingfisher Airlines

The total loan sanctioned and disbursed by IDBI was Rs 860.92 crore

IDBI Bank scouts for stressed asset fund partner

The bank is talking to two entities for an arrangement that goes beyond haircuts and provisioning

IDBI Bank picks arrangers for share sale

IDBI Bank's fundraising could help bolster its balance sheet