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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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RBI initiates 'Prompt Corrective Action' against UCO Bank on high bad loans, negative return on assets

RBI initiates 'Prompt Corrective Action' against UCO Bank on high bad loans, negative return on assets

Sun, May 14, 2017

The Reserve Bank of India (RBI) has initiated a 'Prompt Corrective Action' against UCO Bank on account of the bank's increasing bad loans and negative return on assets.

Russian Rosneft's $12.9 billion Essar Oil deal held up over debt issues

Russian Rosneft's $12.9 billion Essar Oil deal held up over debt issues

Thu, May 11, 2017

Sources said some lenders might be seeking to gain concessions on other debt with Essar units before giving their approval.

PSU Banks Rejig: Govt appoints heads of 7 banks; shifts MDs of Punjab National Bank, Bank of India

PSU Banks Rejig: Govt appoints heads of 7 banks; shifts MDs of Punjab National Bank, Bank of India

Sat, May 06, 2017

In a major restructuring of PSU banks, the government on Saturday has appointed heads of seven public sector unit (PSU) banks and carried out rejigs at Punjab National Bank (PNB) and Bank of India (BOI).

CBI files Rs 1,530 crore cheating case against jewellery firms

CBI files Rs 1,530 crore cheating case against jewellery firms

Wed, Apr 05, 2017

CBI alleged in its FIR that gold was imported and then re-exported to the 13 United Arab Emirates-based companies.

IDBI Bank employees to go on strike on April 12: AIBEA

IDBI Bank employees to go on strike on April 12: AIBEA

Sat, Apr 01, 2017

The Association also shot off a letter to Finance Minister Arun Jaitley, seeking his intervention in the matter.

IDBI Bank approves divestment of its non-core business

IDBI Bank approves divestment of its non-core business

Tue, Feb 21, 2017

IDBI Bank in a BSE filing said, "The board of directors has approved in-principle, the proposal to divest some of its non-core investment subject to compliance with all applicable laws and regulations and subject to final approval to be obtained for each transaction by delegated authority."

Big blow to Vijay Mallya, Karnataka High Court orders winding up of United Breweries Holdings

Big blow to Vijay Mallya, Karnataka High Court orders winding up of United Breweries Holdings

Tue, Feb 07, 2017

The Karnataka High Court on Tuesday ordered winding up of United Breweries Holdings Ltd (UBHL) for recovering dues payable by the UBHL-promoted defunct Kingfisher Airlines of Vijay Mallya.

IDBI Bank's Q3 net loss widens; bad loans stood at 15.16%

IDBI Bank's Q3 net loss widens; bad loans stood at 15.16%

Tue, Feb 07, 2017

The deposits increased to Rs 2.98 lakh crore as on Q3FY17 from Rs 2.34 lakh crore on Q3FY16.

IDBI Bank employees to strike on Monday

IDBI Bank employees to strike on Monday

Sun, Feb 05, 2017

"The conciliation meeting was held in Mumbai for the past three days but despite the reasonable stand of the Union (All India IDBI Employees Association) to find an amicable solution, the IDBI management took a negative approach. As a result there was no agreement forcing the union to go on strike," C.H.Venkatachalam, General Secretary, AIBEA told IANS on Sunday.

United Breweries Holding seeks more time for Q3 results after CBI seizes records

United Breweries Holding seeks more time for Q3 results after CBI seizes records

Sat, Feb 04, 2017

The company said,"UBHL is not in a position to compile the financial data required for preparation and submission of the financial results and complying with the requirements of filing the unaudited financial results within the prescribed 45 days from the end of the quarter ended December 31, 2016. The circumstances are beyond the control of UBHL."

CBI court issues warrant against Vijay Mallya in IDBI loan case

CBI court issues warrant against Vijay Mallya in IDBI loan case

Tue, Jan 31, 2017

CBI court in Mumbai has issured non-bailable warrant against Kingfisher Airlines owner Vijay Mallya on Tuesday in the IDBI Bank loan default case.

Mallya-IDBI CMD 'holiday meeting' led to sanction of Rs 350 crore loan: ED

Mallya-IDBI CMD 'holiday meeting' led to sanction of Rs 350 crore loan: ED

Mon, Jan 30, 2017

The ED probe also found that the considered brand valuation of the KFA, taken as a collateral by the bank for loan security in the said case, was not a sound decision.

Vijay Mallya's sweetheart deal: Sebi may order payout for small investors

Vijay Mallya's sweetheart deal: Sebi may order payout for small investors

Thu, Jan 26, 2017

Market regulator Sebi is likely to order additional payout to small investors by way of a fresh open offer in loss to minority shareholders of United Spirits promoted by Vijay Mallya and new owner Diageo.

Mallya loan default case: Ex-IDBI Bank chairman among 8 arrested

Mallya loan default case: Ex-IDBI Bank chairman among 8 arrested

Tue, Jan 24, 2017

UB Group issued a statement in Bengaluru confirming the visit of CBI team.

S4A scheme: HCC allots 19 crore equity shares to lenders

S4A scheme: HCC allots 19 crore equity shares to lenders

Mon, Jan 09, 2017

HCC added, “LIC of India and Vijaya Bank are also in the process of the completing their respective internal processes for S4A scheme and upon completion of the same, it will further proceed to issue and allot corresponding equity shares and OCDs to them.”

Equity indices open in green; SBI shares down 1%

Equity indices open in green; SBI shares down 1%

Mon, Jan 02, 2017

Sector-wise, banking sector was 68.74, or 0.33% down.

IDBI Bank reduces MCLR for various tenors; effective from January 1

IDBI Bank reduces MCLR for various tenors; effective from January 1

Sat, Dec 31, 2016

State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1. For overnight tenor, the bank has reduced its minimum lending rate to 8.50%.

Enforcement Directorate seizes fresh Mallya assets worth over Rs 1600 crore

Enforcement Directorate seizes fresh Mallya assets worth over Rs 1600 crore

Fri, Nov 11, 2016

With a special Prevention of Money laundering Act (PMLA) court allowing its plea for further attachments, Enforcement Directorate (ED) has seized under CrPC laws fresh assets worth Rs 1,620 crore of liquor baron Vijay Mallya in connection with its money laundering case against him and others.

IDBI Bank posts 53.5% drop in Q2 net profit, Gross NPA rises

IDBI Bank posts 53.5% drop in Q2 net profit, Gross NPA rises

Tue, Oct 25, 2016

On quarter-on-quarter basis, the net profit declined by 77%.

IDBI Bank unions threaten strike over wage revision

IDBI Bank unions threaten strike over wage revision

Tue, Oct 25, 2016

Around 17,000 employees of the troubled state-run IDBI Bank, that has been reporting heavy losses on rising bad loans for several quarters now, have threatened to go on a nationwide strike if the management fails to conclude a new wage pact before the month-end.

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