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Idbi Bank
Business  /  Published 01.08.20

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 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

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

Business  /  Published 11.02.20

IDBI spared NPA blushes

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...
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 06.02.20

LIC floatation is risky business

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...
By The Editorial Board in

Business  /  Published 01.02.20

LIC stake to be sold

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...
By Vivek Nair in Mumbai

Business  /  Published 01.02.20

Centre to offload IDBI stake

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...
By Our Special Correspondent in Mumbai

Business  /  Published 09.11.19

Lakshmi Vilas Bank loss at Rs 357 crore

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...
By Our Special Correspondent in Mumbai

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


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