Page 3 - Idbi Bank

Hope to deliver more to Centre to stay the fiscal course: DIPAM Secy Chawla

Public stocks are a very good hedge in anyone's portfolio because the government is behind them. We enforce fair dividend norms very strictly, Chawla said

RBI fines ICICI, Axis, three other banks for regulatory compliance lapses

The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement

IDBI Bank's Q4 FY25 results: Net profit rises 26% to ₹2,051 crore

Non-interest income boosts bottom line; margins under pressure

IDBI Bank Q4FY25 results: Net profit increases 26% to ₹2,051 crore

IDBI Bank on Monday reported 26 per cent increase in net profit at Rs 2,051 crore for the March quarter of FY25. The LIC-controlled bank had posted a net profit of Rs 1,628 crore for the year-ago period. Total income rose to Rs 9,035 crore in the period under review from Rs 7,887 crore in the January-March period of previous fiscal. Interest income marginally declined to Rs 6,979 crore during the period under review from Rs 6,990 crore in the corresponding quarter a year ago. In the 2024-25 fiscal, net profit rose 33 per cent to Rs 7,515 crore as compared to Rs 5,634 crore in the previous year. Total income during the financial year rose to Rs 33,826 crore from Rs 30,037 crore in FY24. On the asset quality side, the bank's gross Non-Performing Assets (NPAs) were reduced to 2.98 per cent of gross advances as of March 31, 2025, compared to 4.53 per cent by the end of March 2024. Net NPAs also came down to 0.15 per cent of the advances over 0.34 per cent a year ago. The board of I

Q4 results today: UltraTech, TVS Motor, Adani Green, IDBI, IRFC on Apr 28

Q4 FY25 company results today: Aditya Birla Sun Life AMC, Adani Total Gas, AWL, Castrol, and IIFL Securities will be among 49 firms to post earnings reports for the January-March quarter on April 28

IDBI Bank cuts rates for some fixed deposits, extends popular Utsav scheme

Lender discontinues two tenures, announces new terms for other products

NCLAT rejects IDBI Bank's insolvency plea against Zee over Rs 150 cr dues

Section 10A of the IBC temporarily suspended the initiation of the insolvency process for defaults from March 25, 2020 to March 25, 2021 (a year) to provide relief to borrowers during COVID-19

NCLAT dismisses IDBI Bank's plea for insolvency against Zee Entertainment

The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender's plea to initiate insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). However, the appellate tribunal granted liberty to IDBI Bank to move a fresh plea for default outside of the period mentioned in section 10A of the Insolvency & Bankruptcy Code. Section 10A mandates that no application for initiation of the corporate insolvency resolution process (CIRP) can be filed against any debtor by any financial and operational creditor for any default arising on or after March 25, 2020, for a period of one year. This special provision was inserted in the IBC by the government to help companies after economic activities had resumed post-lockdown

Due diligence of IDBI Bank's qualified bidders underway: MoS Finance

The due diligence of qualified bidders for IDBI Bank, which is up for privatisation, is underway, Minister of State for Finance Pankaj Chaudhary said on Monday. The government, along with LIC, is selling nearly 61 per cent stake in IDBI Bank. This includes a 30.48 per cent stake of the Government of India and 30.24 per cent of LIC. In January 2023, the Department of Investment and Public Asset Management (DIPAM) received multiple Expressions of Interest (EoI) for buying stake in IDBI Bank. "After security clearance by Ministry of Home Affairs (MHA) and fit and proper evaluation by the Reserve Bank of India (RBI), the due diligence by the qualified bidders is being done," Chaudhary said in a written reply in the Lok Sabha. After the required clearances, investors would get access to the data room and a due diligence process will be initiated. At present, the government holds 45.48 per cent in IDBI Bank, while LIC's shareholding is 49.24 per cent. To a question on whether the gover

IDBI Bank could increase rates on non-callable deposits post LCR norms

According to the proposed norms, stable retail deposits enabled with internet and mobile banking will have a 10 per cent run-off factor

NCLAT sets aside penalty on lenders for delay in Mudra Denim insolvency

The National Company Law Appellate Tribunal (NCLAT) has set aside the penalty imposed against lenders of debt-ridden Mudra Denim, saying there was no laxity on their part for delay in insolvency process. The Mumbai bench of the National Company Law Tribunal had, on November 11 last year, while deciding creditors' plea seeking extension of deadline to complete the insolvency process, imposed a cost of Rs 55,000 on the Committee of Creditors (COC). This was challenged before NCLAT by COC through IDBI Bank, contending that there was not any laxity on the part of COC which decided to take Mudra Denim for liquidation on December 13, 2023, prior to the expiry of the CIRP (Corporate Insolvency Resolution Process) period. All facts could not be brought to the notice since the COC was not appearing before the NCLT, hence the imposition of cost was uncalled for, the lenders submitted. Also, the company's resolution professional said that e-voting on the appointment of the liquidator was ...

IDBI Bank disinvestment progresses, due diligence begins, to end by H1FY26

The Union government and Life Insurance Corporation jointly hold a 95 per cent stake in IDBI Bank, of which they are selling 60.72 per cent

IDBI Bank Q3FY25 results: Net profit rises 31% to Rs 1,908 cr, NII up 23%

The net interest margin (NIM), a measure of banks' profitability, improved by 45 bps to 5.17 per cent during the quarter under review compared to 4.72 per cent in the same quarter last year

IDBI Bank Q3 FY25 results: Net profit jumps 31% to Rs 1,908 cr, NII up 23%

IDBI Bank Q3 FY25 results: Lender's Net Interest Income (NII) grew by 23.1% year-on-year to Rs 4,228.7 crore

Q3 results today: Zomato, Paytm, IDBI among 37 to post earnings on Jan 20

Q3 FY25 company results January 20: Zomato, Paytm, IDBI Bank, L&T Finance, Dr Reddy's, and YES Bank will be releasing their Oct-Dec quarter report today

IDBI Bank staff to protest before Parliament to stall disinvestment

"There is no reason why this profit-making entity should be sold to private entities, more so to entities of foreign origin." the forum said.

IDBI Bank updates FD rates, extends Utsav FD special offers till March

The existing special tenures under the Utsav FD scheme have been extended until March 31, allowing customers more time to invest in these high-yielding FDs

HDFC Bank clocks 3% rise in loan growth in Q3, IDBI sees 18% growth

The country's biggest private sector lender, HDFC Bank, on Saturday said it has registered a marginal 3 per cent increase in loan growth at Rs 25.42 lakh crore in the December quarter. Total advances were Rs 24.69 lakh crore at the end of December 31, 2023, HDFC Bank said in a regulatory filing. The lender reported a 15.8 per cent rise in total deposits to Rs 25.63 lakh crore as against Rs 22.14 lakh crore at the end of the third quarter of the previous financial year. The bank's average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment) were Rs 26.27 lakh crore for the quarter under review, registering a growth of about 7.6 per cent over Rs 24.41 lakh crore in the year-ago period. Meanwhile, state-owned Indian Bank reported a credit growth of 9.6 per cent to Rs 5.59 lakh crore in the October-December period as against Rs 5.10 lakh crore a year earlier. At the same time, total deposits regist

BFSI Summit: 'Service key to mobilising deposits, not just interest rates'

BFSI Summit: CEOs of prominent private banks say that interest rate hikes are not the key to attracting customers. Instead, the delivery of banking services and brand trust play more significant roles

FinMin may complete privatisation process of IDBI Bank by March 2025

In the FY17 Union Budget, the government proposed reducing its stake in IDBI Bank to below 50 per cent