Govt intends to divest stake in IDBI Bank before January 2022

The government is planning to complete the divestment process for IDBI Bank before January 2022.

published on : 24th June 2021

IDBI Bank invites bids to divest stake in Asset Reconstruction Company

Arcil was incorporated in 2002 and is owned by banks like SBI, IDBI, ICICI, PNB and strategic foreign investors such as Avenue India Resurgence Pte Ltd.

published on : 18th June 2021

IDBI Bank customers to get only 20 free cheque leaves per year from July 1, pay Rs 5 for extra leaf

The lender in a notice said the free transaction limits for select facilities and lock discounts offered to individual savings bank customers are being revised from July 1, 2021.

published on : 11th June 2021

Wilful defaults go downhill amid stay on tagging NPA, but may spike in FY22

The comparison may not be entirely apt as the number of banks reduced from 17 to 10 in FY21 due to mergers and also due to privatisation of IDBI Bank. 

published on : 8th June 2021

India's IDBI Bank secures USD 239 million debt judgment in UK High Court

IDH International Drilling Holdco Ltd (IDH), the Cypriot-registered parent company of the borrowers, is disappointed with the judgment and is considering its position with regard to an appeal.

published on : 4th June 2021

CBI books Guwahati-based auto dealership firm, promoters in Rs 168 cr bank fraud case

The CBI has alleged that the firm, based in Guwahati's Betkuchi, submitted false and fabricated documents to secure over Rs 64 crore bank loan to purchase vehicles.

published on : 1st June 2021

SIDBI invites applications to hire specialists in IT, including chief technology officer 

People, process and technology are the key drivers for delivering customer service, SIDBI said in an advertisement on Monday.

published on : 17th May 2021

Cabinet approves planned sale of IDBI Bank

Centre and LIC together own more than 94 per cent of equity, LIC to reduce shareholding and relinquish control

published on : 6th May 2021

Cabinet clears strategic disinvestment, transfer of management control in IDBI Bank

The extent of respective shareholding to be divested by the central government and LIC shall be decided at the time of structuring of transaction in consultation with the RBI.

published on : 5th May 2021

IDBI Bank back in black in FY21 after five years, posts profit of Rs 1,359 crore

The bank, which came out of the RBI's prompt corrective action framework earlier in March this year, said its turnaround strategies led to the transformation.

published on : 3rd May 2021

Sivasubramanian Ramann takes charge as SIDBI Chairman and Managing Director

Small Industries Development Bank of India (SIDBI) is the principal financial institution engaged in the promotion, financing, and development of micro, small & medium enterprises.

published on : 19th April 2021

IDBI Bank appoints deputy GM Jyothi Biju Nair as new company secretary

The lender said that she has more than 17 years of experience in the board and secretarial department of IDBI Bank Limited.

published on : 15th April 2021

Budget 2021: Modi government eyes Rs 1.75 lakh crore from disinvestment

The government has already invited the Expression of Interest for Air India, BPCL and Shipping Corporation of India, while it hopes to complete disinvestment of IDBI Bank, Neelanchal Ispat Nigam etc.

published on : 2nd February 2021

LIC will have management control, says IDBI Bank

In a new twist to the proposed LIC-IDBI Bank deal, the lender’s interim boss B Sriram has said the insurer will have management control in the bank. Till now, it was believed LIC would acquire 51 per

published on : 18th July 2018

LIC board nod for acquisition of up to 51 per cent stake in IDBI Bank 

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.

published on : 16th July 2018
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