IDBI Bank

IDBI Bank News

Owning the problem

Repeated infusion of capital in state-owned banks underlines the growing costs of government retaining control.

IDBI bank to be recapitalised with infusion of Rs 9000 crore from govt, LIC

The move is an upfront to Sitharaman announcing a capital infusion of Rs 70,000 crore to the public sector banks less than a fortnight ago.

Advertising

IDBI Bank loss rises to Rs 3,800 crore in June qtr

The company’s gross NPA ratio improved to 29.1 per cent of advances against 30.78 per cent a year ago.

Jaypee insolvency: NCLAT asks IDBI Bank for fresh terms to invite bids

In the second round of bidding, the committee of creditors had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC’s offer.

Drop in bad loan provisions trims IDBI Bank Q4 loss to Rs 4,918 crore

The bank’s pre-provisioning operating profit dropped 41 per cent y-o-y to Rs 1,396 crore, led by the rise in employees cost and a 57 per cent y-o-y drop in the other income.

NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech

A three-member bench of the NCLAT headed by Chairman Justice S J Mukhopadhaya asked the lenders to conduct a fresh voting from May 31.

Advertising

IDBI Bank to hire around 950, months after LIC takeover

Among the vacancies advertised by the lender are those for positions of 515 assistant managers, 309 executives on a contractual basis, 120 specialist cadre officers and 40 chartered accountants.

IDBI Bank recruitment 2019: Apply for managerial posts for CAs, salary up to Rs 53,900

IDBI bank recruitment 2019:The application process will begin from March 26 and conclude on April 8, 2019.  Interested candidates can apply at the official website, idbi.com.

RBI categorises IDBI Bank as ‘private sector lender’

“IDBI Bank has been categorised as a ‘private sector bank’ for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon LIC acquiring 51 per cent of the total paid-up equity share capital of the bank,” the RBI said in a statement.

IDBI Bank cuts MCLR by 5 bps

IDBI Bank’s overall advances fell by 16.8 per cent year-on-year (y-o-y) to nearly Rs 1,525 crore as of December 2018.

Advertising