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 ...

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...

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...

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,...

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...

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 ...

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...

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...

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...