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Idbi Bank
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

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

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

Business  /  Published 27.12.18

Recap bond prop for seven banks

The government plans to release Rs 28,615 crore soon to a clutch of seven weak state-run banks through recapitalisation bonds.Sources said Bank of India would get the largest share of Rs 10,086 crore,...
By Our Special Correspondent in New Delhi

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India  /  Published 10.12.18

Bars await ‘bejewelled playboy’

When the judgment in the Vijay Mallya case came after a two-hour delay at Westminster Magistrates’ Court on Monday, chief magistrate Emma Arbuthnot got straight to the point: “I am ordering extrad...
By Amit Roy in London

Business  /  Published 11.04.19

IDBI cuts lending rates

LIC-owned IDBI Bank on Thursday followed in the footsteps of its peers by reducing lending rates by 5 basis points across most tenors. The revised rates will be effective from Friday.The new one-year ...
By Our Special Correspondent in Mumbai

Business  /  Published 20.03.19

RBI rejects IDBI name change

The Reserve Bank of India (RBI) has put its foot down on a proposal submitted by IDBI Bank for a change in its name following the transfer of a 51 per cent stake to Life Insurance Corporation (LIC) fr...
By Our Bureau in Mumbai/Calcutta

Business  /  Published 10.02.19

Centre stares at IDBI crisis as losses surge and LIC bleeds

North Block is worried the continued losses suffered by IDBI Bank and the erosion of LIC’s investment in the lender, made at its insistence, may force it to eventually step in with rescue capital or...
By Jayanta Roy Chowdhury in New Delhi

Business  /  Published 10.08.19

Etihad skips Jet Airways bid

The lenders of Jet Airways have received only three bids for sale of the grounded airline’s stake, with equity partner Etihad Airways not submitting a bid on the last day of the extended bidding pro...
By PTI in Mumbai


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