Page 28 - Idbi Bank

Bank officers protest IDBI Bank stake sale

Demand govt should strengthen forums like Debt Recovery Tribunal by giving teeth to them

IDBI Bank aims to double business to Rs 10 lakh crore

Bank says it will need over Rs 30, 000 crore in capital to back loan book of Rs 5.5 lakh crore by March 2019

IDBI Bank sets 3-year goal to double business to Rs 10 lakh crores

The bank expects to be a 'near zero net NPA' lender by financial year 2019

IDBI Bank shares gain over 3% on fund raising plans

Shares of IDBI Bank rose by over three per cent today as the company received markets regulator Sebi's approval to raise Rs 3,771 crore through issuance of shares to qualified institutional players (QIPs). The stock climbed 2.96 per cent to Rs 57.35 on BSE. At NSE, shares of the company went up 3.14 per cent to Rs 57.45. State-owned IDBI Bank has received Sebi's approval to raise Rs 3,771 crore through issuance of shares to QIPs, a move that would dilute the government's holding significantly in the lender. IDBI Bank in a statement yesterday said that Sebi has acceded to the bank's request to permit it for raising capital by issuing equity shares aggregating up to Rs 3,771 crore by way of a QIP subject to provisions. "The bank is exempted from the applicability of Regulation 82(c) of Sebi (ICDR) Regulation, 2009 as per Regulation 113 of Sebi (ICDR) Regulation, 2009," it said. The government holding in the bank stands at 80.16 per cent.

IDBI Bank to halve stake in NSE

Plans to do so by end-March if valuations are okay