Page 13 - Idbi Bank

IDBI Bank plans to raise Rs 7,500 cr via rupee bond in current fiscal

The Board of Directors, at its meeting held on Wednesday, April 8, 2020, has approved the rupee bond borrowing limit of Rs 7,500 crore for FY 2020-21 to be borrowed in one or more tranches

IDBI Bank grants moratorium on term loans amid Covid-19 disruption

The lender has sent a communication to its customers that they were being offered a moratorium.

Dec quarter shows much-needed improvement in asset quality for PSU banks

Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress

IDBI Bank Q3 PBT at Rs 756 cr on higher NII, dip in NPA provisions

Lender posts net loss on one-time hit as it opts for lower tax rate

IDBI Bank Q3 net loss widens to Rs 5,763 cr, NPAs at 29%

IDBI Bank had posted a net loss of Rs 4,185.48 crore during the corresponding October-December period of the previous fiscal year.

Looking to unlock value in IDBI Bank ahead of IPO, says LIC Chairman

Presenting the Budget, Finance Minister Nirmala Sithraman had said the government would sell a part of its 100 percent holding in LIC through an IPO in the next fiscal year

IDBI Bank raises capital worth Rs 745 cr via tier-II bonds after 2 years

Bank officials said the money raised through tier II bond offering is expected to increase Capital Adequacy Ratio (CAR) by about 50 basis points

Sitharaman's Budget 2020: Investor support may not sustain for IDBI Bank

The bank is expected to come out of the Reserve Bank of India's prompt corrective action (PCA) framework by March 2020

Budget 2020: LIC listing, IDBI Bank stake sale tops FM Sitharaman's agenda

Budget 2020: LIC listing, IDBI Bank stake sale tops FM Sitharaman's agenda

LIC IPO, IDBI stake sale to lead govt's Rs 2.1-trn sell-off drive in FY21

Next year's target is the highest ever

Budget 2020: Govt plans to sell stake in LIC, sets new disinvestment target

Paring its stake in the insurance giant will help the government meet its divestment target, which has been increased to Rs 2.1 trillion in financial year 2021

IDBI Bank rallies 17% as FM Sitharaman proposes to sell entire govt stake

The government, which continues to be a promoter, holds around a 46.5 per cent stake in IDBI Bank and is classified as a private bank following LIC's acquisition.

Is it time to revisit the Budget 2000 promise?

Since Yashwant Sinha emphasised on reducing the government's stake in public sector banks, things have only worsened

IDBI Bank to meet RBI this week, seek removal of restrictions under PCA

The PCA norms trigger if a bank's net NPA crosses 6 per cent or if CRAR (capital to risk weighted assets) is below the regulatory requirement of 10.88 per cent as of March 2019.

Suresh Kishinchand Khatanhar elevated as Deputy MD of IDBI Bank

Khatanhar took charge as DMD on Wednesday, the filing said

IDBI Bank plans to raise up to Rs 2,000 crore through tier-II bonds

The bank reported overall capital adequacy ratio of 11.98% in September this year

Finance Ministry asks central, state depts to continue work with IDBI Bank

It can be noted that in January 2019, the insurance behemoth completed acquisition 51 percent stake in IDBI Bank, following which the Reserve Bank re-categorised it as a private sector bank.

Financial sector needs to rebuild trust, says YES Bank CEO Ravneet Gill

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai

SBI likely to pay Essar lenders on Dec 16 as ArcelorMittal pays up

As per the resolution proposal, banks would recover over 90 per cent of their claims against Essar Steel, amounting to over 40,000 crore.

IDBI to sell 49% stake in two of its subsidiaries, to retain control

IDBI Bank will sell up to 49 per cent stake in its subsidiaries IDBI Capital Markets & Securities Ltd (ICMS) and IDBI Intech Ltd (IIL). The board of directors of IDBI Bank has given in-principle approval to divest or dilute IDBI Bank's stake in its subsidiaries namely IDBI Capital Markets & Securities Ltd (ICMS) and IDBI Intech Limited (IIL) to the extent of 49 per cent to the prospective investors, the private sector lender said in a regulatory filing. IDBI Bank said it will retain controlling stake in the subsidiaries with itself. Shares of IDBI Bank closed at Rs 33.50 on the BSE, down by 1.90 per cent from the previous close.