The bank reported a 14.2 per cent rise in net profit to Rs 234.78 crore in the first quarter ended June this fiscal...

The bank has sought the approval of its shareholders through a postal ballot which started on April 6 and will end on May 5, to pass the ordinary resolution...

Under this mechanism, curbs will be imposed on weaker entities if certain metrics breach thresholds set by the central bank...

The system places restrictions on the scope of operations of a faltering entity until it is nursed back to health, and kicks in whenever any commercial bank stumbles...

The move announced by the regulator comes on the back of an improved performance by the Calcutta-based lender...

The move had sent shock waves through the bond market as it raised the prospect of massive mark-to-market losses for investors...

Announcement leads to shares of LVB being locked in the upper circuit at the bourses...

Das said that RBI would like them to come out of PCA as quickly as possible...

Shares of IDBI jumped nearly 8% after the government approved fund infusion...

Net interest income of the bank during the quarter registered a 33.4% growth to Rs 727.47 crore compared to Rs 545.30 crore in the year ago period...