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IDBI Bank

IDBI Bank's slippages will be restricted at Rs1,000 crore in the coming quarters: Rakesh Sharma, MD & CEO

IDBI Bank's slippages will be restricted at Rs1,000 crore in the coming quarters: Rakesh Sharma, MD & CEO

Wed, Feb 12, 2020

Rakesh Sharma, Managing Director & Chief Executive Officer, IDBI Bank, talks about December quarter financial results, recoveries & NPA accounts and government plan to offload its stake from the bank during a candid chat with Anurag Shah, Zee Business.

Budget 2020 News: Modi Government to raise Rs 2.1 lakh crore for FY21 from disinvestment; LIC, IDBI Bank in stake sale list

Budget 2020 News: Modi Government to raise Rs 2.1 lakh crore for FY21 from disinvestment; LIC, IDBI Bank in stake sale list

Sat, Feb 01, 2020

Budget 2020 Highlights: Nirmala Sitharaman announced today that Narendra Modi government plans to raise Rs 2.1 lakh crore for FY21 from disinvestment.

Essar Steel Insolvency: SC quashes NCLAT ruling, clears ArcelorMittal takeover bid; SBI to PNB, bank stocks skyrocket

Essar Steel Insolvency: SC quashes NCLAT ruling, clears ArcelorMittal takeover bid; SBI to PNB, bank stocks skyrocket

Fri, Nov 15, 2019

Essar Steel Insolvency: The Supreme Court has set aside the National Company Law Appellate Tribunal (NCLAT) judgement on Essar Steel case on November 15th.

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Directors, staff of a company fraudulently diverted Rs 2,348-cr from PNB, other banks: CBI

Directors, staff of a company fraudulently diverted Rs 2,348-cr from PNB, other banks: CBI

Sun, Apr 07, 2019

CBI on Saturday conducted searches at several locations in Delhi-NCR, Chandigarh, Kolkata and Orissa, at the offices of a New Delhi-based private company in a bank fraud case.

IDBI recruitment 2019: 500 posts open, last date April 15 - Apply on idbi.com

IDBI recruitment 2019: 500 posts open, last date April 15 - Apply on idbi.com

Sat, Apr 06, 2019

IDBI recruitment 2019: Industrial Development Bank of India or IDBI has issued a recruitment notification inviting application for the 500 positions of Assistant Manager.

IDBI Bank recruitment 2019: Fresh vacancies, last date April 8 - Here is how to apply

IDBI Bank recruitment 2019: Fresh vacancies, last date April 8 - Here is how to apply

Mon, Apr 01, 2019

IDBI Bank recruitment 2019: IDBI Bank has issued a recruitment notification for the posts of Chartered Accountant.

Good news for IDBI customers: Strike called off, ATMs to work on March 30

Good news for IDBI customers: Strike called off, ATMs to work on March 30

Fri, Mar 29, 2019

A hunger strike was announced by the IDBI Bank's all-India Officers’ Association on March 26 2019.

This bank's officers' association to go on hunger strike on March 30

This bank's officers' association to go on hunger strike on March 30

Tue, Mar 26, 2019

The Officers' Association has been protesting over RBI categorising IDBI Bank as a private sector lender with effect from January 21, 2019

RBI categorises IDBI Bank as private sector lender

RBI categorises IDBI Bank as private sector lender

Thu, Mar 14, 2019

IDBI Bank has been categorised as a private sector lender following acquisition of majority stake by Life Insurance Corporation, RBI said.

Await LIC proposal on IDBI Bank stake cut timeline: IRDAI

Await LIC proposal on IDBI Bank stake cut timeline: IRDAI

Mon, Mar 11, 2019

In IDBI Bank, LIC holds 51 per cent under a specific permission from Irdai but under the condition state-run insurance behemoth will bring the stake down.

IDBI Bank considering renewal of term for current MD

IDBI Bank considering renewal of term for current MD

Sun, Mar 10, 2019

"The Bank is considering the name of Rakesh Sharma, the current MD of the Bank, for appointment for a further period of three years as MD & CEO of IDBI Bank. The Bank has also already inducted in the Board, two new eminent professional independent directors (Professor from Indian School of Business and retired Executive Director, Reserve Bank of India)," it said.

RBI slaps fine on four bank for snon-compliance with various directions

RBI slaps fine on four bank for snon-compliance with various directions

Sun, Mar 03, 2019

The Reserve Bank has imposed a monetary penalty of Rs 3 crore on Union Bank, Rs 2 crore on Dena Bank, and Rs 1 crore each on IDBI and the SBI for non-compliance with various directions, regulatory filings said Saturday.

Bank of Baroda vs IDBI vs United Bank RuPay Debit Card cash withdrawal limit, offers, charges, other benefits explained

Bank of Baroda vs IDBI vs United Bank RuPay Debit Card cash withdrawal limit, offers, charges, other benefits explained

Fri, Mar 01, 2019

The RuPay debit card comes with a host of features and benefits.

You can buy insurance from your favorite insurer LIC via IDBI Bank too now; shares jump 3% on deal

You can buy insurance from your favorite insurer LIC via IDBI Bank too now; shares jump 3% on deal

Thu, Feb 28, 2019

What has happened is that LIC has entered into a service level agreement, where it has decided to sell its insurance through IDBI Bank's branches as well.

RBI slaps penalties on HDFC, Kotak Mahindra Bank, Allahabad Bank and Bank of Maharashtra

RBI slaps penalties on HDFC, Kotak Mahindra Bank, Allahabad Bank and Bank of Maharashtra

Wed, Feb 13, 2019

The RBI on Tuesday said it has imposed penalties on seven lenders, including HDFC, Kotak Mahindra Bank, Allahabad Bank and Bank of Maharashtra for violation of various banking norms.

IDBI Bank may get a new name soon, check what LIC has proposed

IDBI Bank may get a new name soon, check what LIC has proposed

Tue, Feb 05, 2019

LIC has completed the acquisition of 51 per cent controlling stake in IDBI Bank last month, marking the entry of more than 60 years old state-owned insurer into the banking space.

Only 22% minority shareholders exit IDBI Bank following open offer by LIC

Only 22% minority shareholders exit IDBI Bank following open offer by LIC

Mon, Jan 14, 2019

IDBI Bank would get huge amount of low-cost deposits of the policy holder and it can also cross-sale products of LIC. The bancassurance would generate good amount of cash, which according to experts would push them out of red. The bank had reported a net loss to Rs 3,602.49 crore during the September quarter of 2018-19.

Bank strike on 8th and 9th January 2019: Your bank may be closed on these two days; Lenders inform BSE

Bank strike on 8th and 9th January 2019: Your bank may be closed on these two days; Lenders inform BSE

Sat, Jan 05, 2019

The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India has informed the Indian Banks' Association (IBA) of the two-day nationwide strike.

Market Opening: Sensex rises 200 pts, Nifty by 60 pts on the last day of 2018

Market Opening: Sensex rises 200 pts, Nifty by 60 pts on the last day of 2018

Mon, Dec 31, 2018

Bank Nifty opened in the green at Rs 27,260, up by 135 points. Crude was stable and closed at $52.25 per barrel on Friday. Indian rupee appreciated by 14 paise to Rs 69.8 per dollar.

Personal Loan interest rates: SBI, HDFC, PNB, ICICI, Kotak Mahindra, BoB to Axis Bank compared

Personal Loan interest rates: SBI, HDFC, PNB, ICICI, Kotak Mahindra, BoB to Axis Bank compared

Mon, Oct 08, 2018

Personal loans offered by various banks come handy in times of crisis. And, also in good times when one falls short of cash.

IDBI Bank moves NCLT against Reliance Naval to recover loan

IDBI Bank moves NCLT against Reliance Naval to recover loan

Fri, Sep 07, 2018

IDBI Bank has moved NCLT against Reliance Naval and Engineering Ltd to recover its dues from the company. The company has been informed that IDBI Bank Ltd, a lender of the company, has filed an application before the National Company Law Tribunal (NCLT), Ahmedabad, seeking debt resolution under the Insolvency and Bankruptcy Code (IBC).

IDBI Bank posts seventh quarterly loss as bad loans rise

IDBI Bank posts seventh quarterly loss as bad loans rise

Tue, Aug 14, 2018

Indian state-run lender IDBI Bank Ltd posted a seventh straight quarterly loss on Tuesday, sending its shares lower, as the bank continues to be plagued by the highest bad loan ratio in the sector.

Cabinet approval for LIC to acquire controlling stake of IDBI Bank

Cabinet approval for LIC to acquire controlling stake of IDBI Bank

Wed, Aug 01, 2018

It has also approved acquisition of controlling stake by Life Insurance Corporation of India (LIC) as promoter in the bank through preferential allotment/open offer of equity, and relinquishment of management control by the government in the bank.

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