Page 17 - Idbi Bank

No impact of ownership change on debt-ridden IDBI Bank rating, says ICRA

The existing ratings factor is in the sovereign support

IDBI Bank: Chequered past, troubled present and a stake sale at major risk

The financial institution that became a bank has a history that would have made it awkward for the government to sell stake to a non-government entity

Irdai permits LIC to pick up to 51% stake in debt ridden IDBI Bank

IDBI Bank is grappling with mounting toxic loans with gross non-performing assets rising to a staggering Rs 556 bn

Centre should not shirk its responsibility in IDBI, says Bank Union

Reports stated that LIC has finalised the deal with IDBI Bank, which will eventually pave way for the infusion of Rs 130 billion in the NPA-mired state-run bank

IDBI Bank says 'no discussion' on Rs 130-bn capital injection plans by LIC

This clarification came following news reports saying that insurance regulator Irdai may approve LIC's proposal to pick up a substantial stake in IDBI Bank

IDBI Bank gains 12% ahead of Irdai meeting

IDBI Bank had underperformed the market by falling 41% from its recent high of Rs 84 on March 5, 2018, as compared to 3.8% rise in the S&P BSE Sensex till Thursday.

Here's why India's life-saving plan for IDBI Bank makes no sense

It's hard to see how the transaction could bolster the reputation of any of India's three financial regulators

Govt likely to sell a significant portion of its stake in IDBI Bank to LIC

The insurance regulator may take up the matter during its June 29 board meeting

Govt may sell part of its stake in IDBI bank to India's top insurer LIC

India has been trying since at least two years to sell IDBI Bank

IDBI Bank scouts for transaction advisor to sell stake in AMC arm

Shares in insurance venture likely to be offloaded by September

Govt weighs various options to bring down stake in IDBI Bank

According to a finance ministry official, decision in this regard will be taken in the next few months, and the government has already started the transformation process of the bank.

IDBI Bank Loss widens to Rs 56.6 billion as NPAs touch 28%

Government-owned IDBI Bank's net loss widened to Rs 56.6 billion in the March quarter, on a sizable Rs 107.8 bn provision for bad loans.The quarterly loss, the sixth in a row, was deeper than the Rs 31.9 bn in the same period last year. For the full year ended March 2018, the net loss is Rs 82.4 bn, against one of Rs 51.6 bn in 2016-17.However, operating profit for the quarter (fourth or Q4 of 2017-18) more than doubled to Rs 23.6 bn, from Rs 10.4 bn in Q4 of 2016-17.Its gross non-performing assets (NPAs) stood at 27.95 per cent of total advances. The latter proportion is second highest in the history of Indian banking, next only to its own GNPA of 30 per cent in the quarter ended December 2003. In fact, that gross NPA figure is far lower than the Reserve Bank's (RBI's) calculation, of Rs 550.3 bn, as against the bank's assessment of Rs 447.5 bn.IDBI is already under RBI's 'prompt corrective action' framework. Its provisioning for NPAs rose to Rs 107.7 bn, from Rs 60.5 bn in the same .

IDBI Bank Q4 net loss widens to Rs 56.63 bn on rise in provisions

IDBI Bank's gross NPA soared to 27.95 per cent of its loans at March 2018-end compared to 21.25 per cent at the end of March 2017

Two independent directors quit IDBI days after FIR in Aircel loan case

Ninad Karpe and S Ravi, were named in the FIR filed by the CBI in connection with a Rs 6 bn loan given by the bank to former Aircel promoter C Sivasankaran, his son and companies controlled by him

IDBI Bank fraud case: CBI probes documents on loans to Aircel ex-promoter

The bank had initiated recovery actions to recover dues from the borrower in August 2016, it said

IDBI Bank prepares roadmap for NPA reduction, improving financial health

Strategies have been drawn to ensure that the NPAs are reduced in a structured manner by taking help of Insolvency and Bankruptcy Code (IBC) and other means

IDBI Bank mulls buyback of $1-bn overseas bonds as part of turnaround plan

The buyback activity would be spread over quarters and would be done in small tranches for reasons of absorption

IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows

Recently, the lender sold a commercial building for Rs 9 billion, taking the total non-core asset sales to over Rs 41 billion in FY18

RBI's Rs 30-mn penalty not to have any material impact: IDBI Bank

According to a BSE filing by IDBI Bank, the RBI imposed a Rs 30 million penalty on it for non-compliance of IRAC norms

IDBI Bank sells property at Bandra-Kurla Complex to Sebi for Rs 10 billion

It has been trying to offload non-core assets and investments, to raise money for meeting the Basel-III norms on capital adequacy