The fundraising may help the lender bolster its balance sheet and rein in bad debts
Sets coupon at 11.06% in its first AT1 bond issuance, to enhance capital adequacy
At Monday's market price, the Bank would have raised close to Rs 100 crore from lowering its stake in the rating agency
Ratings agency ICRA flags risks on public sector banks debt servicing capacity
Public sector lender IDBI Bank's net profit rose 78.3 per cent to Rs 241.1 crore for the quarter ended June, on the back of tax credits. The bank had posted a net profit of Rs 135.2 crore in the corresponding quarter last year.
Rating agency CRISIL has assigned "AA/Negative" rating for both instruments
The government holds 74 per cent stake in IDBI Bank
MoS for Finance Santosh Kumar Gangwar said PSBs have been allowed to raise capital through follow on public offer
Bank approved a resolution for issue of shares up to Rs 8,000 crore inclusive of premium amount through various modes including QIP
Reluctant to let another NPA hurt them, the banks were ready to talk to anybody willing take over control of AMW Motors and repay the debt
One Dy MD, three EDs to exit in 40 days; Another post of Dy MD vacant since Oct 2015, after M Rego moved to Bank of India as MD & CEO
Government's holding in bank stands at 73.98%
NPA provisions balloon to Rs 4,275 cr
Bank aims to provide foreign currency funding facility to its Indian clients from the GIFT City
IDBI Bank Managing Director and CEO said there is no proposal from L&T Finance for merger
IDBI Bank has sold 9,00,000 equity shares constituting 2% stake in NSE to LIC
With this, the stake of IDBI Bank in NSE has come down to 3%, from 5% earlier
The Madras High Court has issued an order restraining various organisations which are protesting against the centre's stake dilution in IDBI Bank, from causing impediments to the smooth functioning of the branches of the Bank.The order was issued on Monday, when various employees organisations has called for a one day strike during the day. It may be noted that a court in Karnataka and another Court in Telengana also issued orders last week, restraining the organisations from conducting strike. IDBI Bank has filed a petition against All India IDBI Employees' Association, IDBI Officers Organisation, United Platform of IDBI Bank Unions, Union Forum of IDBI Officers & Employees, IDBI Workers' Union and IDBI Karmchari Sangh.The situation became complex with a section of the officers' organisation went ahead and announced strike for four days, from March 28 to 31, which in effect would have left the IDBI Bank not working for almost nine days, till April 1. However, the organisations ...
Bank employees raised 'privatisation' issue, following which labour authorities held conciliation talks from March 21 to 24, which however ended in failure
It claimed none of their services were disrupted in nationwide strike except in Karnataka, where High Court asked unions not to go on strike