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...

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 ...

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...

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...

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 ...

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...

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 ...

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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...

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 ...