Idbi Bank

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Idbi Bank - Total results - 243
IDBI Bank Officers' Association to go on hunger strike on 30 March over various demands
Business

IDBI Bank Officers' Association to go on hunger strike on 30 March over various demands

IDBI Bank on Tuesday said its all-India Officers' Association will observe a one-day nationwide hunger strike on 30 March, over various demands

RBI says no to IDBI Bank's proposal to change its name following the transfer of controlling 51% stake to LIC
Business

RBI says no to IDBI Bank's proposal to change its name following the transfer of controlling 51% stake to LIC

The Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of controlling 51 percent stake to insurance behemoth LIC from the government of India

IDBI Bank to sell several large loans to lenders, financial institutions in a bid to clean up its books faster
Business

IDBI Bank to sell several large loans to lenders, financial institutions in a bid to clean up its books faster

IDBI Bank is planning to sell bad loans to banks, financial institutions or asset restructuring companies in order to steps up efforts to recover dues from loan offenders

IDBI Bank charts yet another revival strategy to bring banking, insurance under one roof
Business

IDBI Bank charts yet another revival strategy to bring banking, insurance under one roof

In January LIC had completed the process of picking up a controlling 51 percent stake in the nearly crippled IDBI Bank

IRDAI wants insurers to use own judgement along with rating before investing, asks to make provisions for IL&FS exposure
Business

IRDAI wants insurers to use own judgement along with rating before investing, asks to make provisions for IL&FS exposure

It could be noted that some of the listed companies of the now crippled IL&FS group were downgraded by ICRA and CARE Ratings

IDBI Bank invites application for two deputy MDS; LIC completes 51% acquisition in IDBI
Business

IDBI Bank invites application for two deputy MDS; LIC completes 51% acquisition in IDBI

The new DMDs at IDBI Bank will be appointed for three years, which will be extendable by two more years or up to 60 years

RBI imposes Rs 8 crore fine on three banks for non-compliance of directions on Swift messaging software
Business

RBI imposes Rs 8 crore fine on three banks for non-compliance of directions on Swift messaging software

The Reserve Bank of India has imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of India and Karur Vysya Bank - for non-compliance of directions on Swift messaging software

IDBI Bank receives nod to handle import, exports transactions with Iran; move to promote two-way trade
Business

IDBI Bank receives nod to handle import, exports transactions with Iran; move to promote two-way trade

The IDBI Bank has received government nod to handle import and export transactions with Iran, a move which would help in promoting two-way trade amid US sanctions on the Persian Gulf nation

RBI slaps Rs 7 cr fine on four banks for non-compliance with various directions, regulatory filings
Business

RBI slaps Rs 7 cr fine on four banks for non-compliance with various directions, regulatory filings

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 on Saturday

IDBI Bank name proposed to be LIC IDBI Bank or LIC Bank after insurance behemoth takeover
Business

IDBI Bank name proposed to be LIC IDBI Bank or LIC Bank after insurance behemoth takeover

The board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.

IDBI Bank shares tank nearly 6% after company reports loss of Rs 4,185 cr in December quarter
Business

IDBI Bank shares tank nearly 6% after company reports loss of Rs 4,185 cr in December quarter

Shares of IDBI Bank on Monday plunged nearly 6 percent after the company reported widening of loss to Rs 4,185.48 crore for the December quarter 2018 as bad loans surged

IDBI Bank Q3 loss widens three-fold to Rs 4,185 cr, gross non-performing assets rise to 29.67%
Business

IDBI Bank Q3 loss widens three-fold to Rs 4,185 cr, gross non-performing assets rise to 29.67%

The ownership of the IDBI Bank has changed from the Government of India to LIC

RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth
Business

RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth

Eight public sector banks—Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank—still remain under PCA framework,

Moody's upgrades IDBI Bank's long-term foreign currency rating by a notch on LIC takover
Business

Moody's upgrades IDBI Bank's long-term foreign currency rating by a notch on LIC takover

International rating agency Moody's Wednesday upgraded the long-term foreign currency ratings of IDBI Bank to Ba2 from B1 along with an outlook upgrade to positive from an 'under-review' category

LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channel
Business

LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channel

IDBI Bank Monday said insurance behemoth LIC has completed the acquisition of 51 percent controlling stake in the bank

S&P affirms IDBI Bank rating; LIC capital infusion to accelerate write-offs
Business

S&P affirms IDBI Bank rating; LIC capital infusion to accelerate write-offs

S&P has removed IDBI Bank's ratings from 'CreditWatch', where they were placed with negative implications on 17 August, 2018.

RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issues
Business

RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issues

At the past two meetings held between RBI and state- run banks, Das had deliberated on the prompt correction action framework.