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Idbi Bank
Business  /  Published 20.09.21

Pressure to wrap up IDBI stake sale

Most of the merchant bankers who had submitted bids to facilitate the strategic sale of LIC-controlled IDBI Bank has indicated a time-frame of one year to complete the elaborate process, sources said....
By PTI in New Delhi

Business  /  Published 09.08.21

IDBI selloff adviser

As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank.  These firms would make a virtual presentation before the dep...
By PTI in New Delhi

Business  /  Published 13.07.21

Cabinet approves LIC float

The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval to the initial public offer of Life Insurance Corporation, with the listing of the shares expected by the end of th...
By Our Special Correspondent in New Delhi

Business  /  Published 04.06.21

IDBI wins case in UK court

IDBI Bank has secured a $239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group, among one of the largest debt jud...
By PTI in London

Business  /  Published 07.05.21

IDBI soars on selloff approval

Shares of IDBI Bank on Thursday rallied almost 7 per cent after the Centre gave an in-principle approval for strategic divestment along with transfer of management control in the lender. The IDBI Ban...
By Our Special Correspondent in Mumbai

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Business  /  Published 06.05.21

IDBI selloff on course

The government has given an in-principle approval for the strategic disinvestment of IDBI Bank along with transfer of management control, paving the way for both the government and Life Insurance Corp...
By Our Special Correspondent in New Delhi

Business  /  Published 04.05.21

Kotak Bank net rises

Kotak Mahindra Bank’s net profits rose 33 per cent for fourth quarter ended March 31 to Rs 1,682.37 crore from Rs 1,266.60 crore a year ago. However, this number came a tad below analyst estimat...
By Our Special Correspondent in Mumbai

Business  /  Published 31.03.21

Centre to kick off IDBI privatisation

The Modi government is set to step on the gas to achieve its  ambitious Rs 1.75 lakh crore disinvestment target for 2021-22 with the Union cabinet expected to set the ball rolling on the privatis...
By Our Special Correspondent in New Delhi

Business  /  Published 11.03.21

Reserve Bank of India lifts curbs on IDBI Bank

The Reserve Bank of India (RBI) on Wednesday lifted the tough restrictions on the operations of IDBI Bank under its prompt corrective action (PCA) framework. IDBI Bank was put under the central bank&...
By Our Special Correspondent in Mumbai

Business  /  Published 02.03.21

IDBI to set off losses

LIC-controlled IDBI Bank will set off its accumulated losses worth Rs 45,586 crore against the balance in the securities premium account, according to the bank’s draft scheme.  Its accumul...
By PTI in New Delhi


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