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Idbi Bank
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

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

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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

Jharkhand  /  Published 04.08.19

Rise in fraud debits from banks, DSP stresses tech upgrade

Manish Prasad, 25, received the shock of his life on Saturday evening when he received a text message that Rs 36,000 had been debited from his bank account.The Kadma resident and insurance sector empl...
By Kumud Jenamani in Jamshedpur

India  /  Published 10.12.18

Let lawyers decide, says Vijay Mallya

As Vijay Mallya left the Westminster Magistrates’ Court on Monday, he was repeatedly asked if he planned to lodge an appeal.It may well be the case that his lawyers will advise him that the judgment...
By Amit Roy in London

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


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