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Idbi Bank
Business  /  Published 23.12.20

Shipping Corp up for sale

The government plans to set up a development finance institution (DFI) in the next three to four months with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrast...
By Our Special Correspondent in New Delhi

Business  /  Published 24.10.20

JSW Steel net falls

JSW Steel on Friday reported an over 37 per cent decline in consolidated net profit at Rs 1,595 crore for the September quarter of 2020. The company had posted a profit of Rs 2,536 crore for the same ...
By Our Bureau in New Delhi

Business  /  Published 02.08.20

IDBI selloff on

The government plans to sell its stake in IDBI bank in the current fiscal despite the tough market conditions, finance minister Nirmala Sitharaman said on Saturday. She said the government has only c...
By Our Special Correspondent in New Delhi

Business  /  Published 10.10.18

Rakesh Sharma takes charge at IDBI Bank

Rakesh Sharma has taken charge as the managing director and chief executive officer of IDBI Bank with effect from Wednesday.The Union government had on October 5 announced Sharma’s appointment as th...
By Our Special Correspondent in Mumbai

Business  /  Published 03.04.20

Moody’s dims outlook on ICICI, Axis Bank

Moody’s on Friday placed private sector lender IndusInd Bank’s ratings under review for a downgrade and cut its outlook on ICICI Bank, Axis Bank and IDBI Bank by a notch because of asset quality ...
By Our Special Correspondent in Mumbai

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Business  /  Published 21.01.19

LIC closes deal to turn a banker

Bank balance sheetIDBI Bank had reported a net loss of Rs 3,602.49 crore during the second quarter of this financial year. Its gross non-performing assets hit 31.78 per cent (Rs 60,875.49 crore) of th...
By Our Special Correspondent in Mumbai

Business  /  Published 07.02.20

LIC to cut IDBI stake prior to IPO

Life Insurance Corporation is keen to unlock value in IDBI Bank in the run-up to the insurance behemoth’s IPO, which is likely to happen in the current financial year, its chairman M. R. Kumar said ...
By TT Bureau in Mumbai

Opinion  /  Published 11.09.18

Back-tracking on reforms

...
By The Editorial Board in

Business  /  Published 03.09.19

IDBI gets Rs 9,300 crore prop

The Union cabinet has approved a Rs 9,300-crore cash infusion into the loss-laden IDBI Bank, which was taken over by LIC in January.As the majority shareholder with a 51 per cent stake, LIC will contr...
By Our Special Correspondent in New Delhi

Business  /  Published 30.05.20

IDBI Bank back in the black

After posting losses for 13 straight quarters, IDBI Bank on Saturday reported a net profit of Rs 135 crore for the quarter ended March 31, 2020, on account of recoveries from bad loans.The lender, in ...
By Our Special Correspondent in Mumbai


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