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...

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 ...

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 ...

IDBI Bank saw its net loss widening to Rs 5,763.04 crore for the quarter ended December 31, 2019, from Rs 4,185.48 crore because of a higher tax outgo. However, the lender reported better asset qualit...

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 ...

The decision of the Narendra Modi government to divest a small part of its stake in the Life Insurance Corporation of India has sent the stock markets into a tizzy. If and when it happens — probably...

Shares in Life Insurance Corporation (LIC) and IDBI Bank — the two storied, state-owned institutions in the country’s financial sector — will be sold to the public.The surprise announcement in t...

The government plans to sell its residual stake in IDBI Bank, which at current market prices could yield over Rs 18,000 crore.This was announced by Union finance minister Nirmala Sitharaman in the Uni...

Private sector lender Lakshmi Vilas Bank (LVB) has reported a disappointing set of numbers for the September quarter of 2019, with net loss widening to Rs 357.18 crore even as asset quality deteriorat...

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...