Page 19 - Idbi Bank

IDBI Bank seeks fresh bids for acquiring 13.7% stake in Sidbi, stock rises

Meanwhile, the S&P BSE Sensex was up 26.97 points, or 0.09 per cent to 31,689.71

IDBI Bank looks to exit early from NSE

IPO delay may force lender to sell its 1.5% stake, valued at Rs 700 crore, privately

IDBI Bank topples IOB as lender with highest NPA ratio

IDBI Bank's gross NPAs soared to Rs 50,173 crore in the Q1 of 2017-18

Why Street looked past IDBI Bank's NPA divergence

With gross bad loan ratio already over 21%, analysts say situation can't get worse

IDBI Bank bullish on UP agri sector, aims to utilise untapped potential

So far, IDBI Bank has set up 208 dairies in UP by financing various allied schemes

IDBI Bank to raise up to Rs 5,000 crore

The bank will put the proposal for raising equity capital before shareholders at its AGM on July 18

IDBI Bank mulls action under bankruptcy code in 10 cases

Bank will use NCLT platform for medium sized enterprises where it has the maximum exposure

Fund managers calm on IDBI downgrade

Bonds are a govt-backed bank, chance of default is next to impossible, says an income fund head

Moody's downgrades IDBI bank; lender says govt support continues

MOODYS-IDBI-DOWNGRADEThe rating actions reflect the significant deterioration in IDBI's financial profile, driven by asset quality issues and the heightened risk to its solvency position, the ratings agency said in a statement.The local and foreign currency bank deposit ratings has been downgraded to 'Ba2/Not Prime' from 'Baa3/Prime-3', Moody's said, adding the ratings are under review for further downgrade.Separately, IDBI Bank said the government, which has infused Rs 1,900 crore in the lender this year, continues to support it.The bank added it plans to raise capital through sale of non-core assets and churning of corporate loan book.Moody's said over the next 12-18 months, asset quality issues of IDBI bank are likely to persist, which will put pressure on the bank's profitability and limit its ability to generate internal capital.At the end of March 2017, IDBI's impaired loans (non- performing loans plus standard restructured loans) ratio rose to 29 per cent versus 19 per cent a ..

IDBI Bank crafts turnaround plan

In the year ended March 31, 2017, the bank posted a net loss of Rs 5,158 crore

Govt capital infusion in IDBI on course

The government's plan for infusing capital in ailing public sector lender IDBI Bank are on, despite the Reserve Bank (RBI) putting it under Prompt Corrective Action (PCA) and the rating downgrade after the Mumbai-based lender posted a net loss for 2016-17.Senior IDBI Bank officials said it was in discussion with the government, the majority owner, for a turnaround plan. That would mean agreed-on milestones and commitments from the bank in areas like cost control, reorganisation of structure and improving the financial profile. This would form the basis for a capital infusion, for meeting capital adequacy norms and business growth. IDBI's stock has taken beating after it reported a net loss for a second year. It closed 6.4 per cent down at Rs 61 on the BSE exchange. The government held 73.98 per cent of the bank's equity at end-March. The bank is also readying an agenda for monetising of stake in some subsidiaries and strategic investments, an executive said. On Tuesday, rating ...

IDBI Bank hits 52-week low as ICRA, CRISIL downgrade bond rating

The stock hit a 52-week low of Rs 61.75, down 5.5% on BSE in intra-day trade

IDBI Bank mulls insolvency proceedings against defaulter

PSB IDBI Bank's total NPLs are worth Rs 20,949 crore

IDBI Bank first under corrective action plan

High NPAs, negative returns on assets trigger step

IDBI Bank employees to observe one-day strike tomorrow

The bank has received strike notice from United Forum of IDBI Officers and Employees

IDBI Bank to raise up to Rs 2,500 cr in equity capital

The bank would hold shareholders' meeting on April 27 to get nod for the capital raising plan

IDBI Bank appoints Mahesh Kumar Jain as MD and CEO

IDBI Bank today said it has appointed Mahesh Kumar Jain as its new Managing Director & Chief Executive Officer. "Mahesh Kumar Jain, MD & CEO of Indian Bank has been appointed as MD & CEO of IDBI Bank," the bank said in a statement. Jain will head IDBI Bank for the remaining period of his current tenure or until further orders, whichever is earlier, IDBI Bank added. The present MD & CEO of IDBI Bank, Kishor Kharat has been appointed as MD & CEO of Indian Bank, it said further. The appointment will be effective from the date Jain will assume charge of the bank.

GoI issues notification swapping Indian Bank chief with that of IDBI Bank

The Government of India has notified the swaping of IDBI Bank Ltd Managing Director & Chief Executive Officer Kishor Piraji Kharat Indian Bank Managing Director & Chief Executive Officer Mahesh Kumar Jain. The notification comes at a time when IDBI Bank, a pioneering instution in the financial sector, has been suffering due to increase in NPAs among other issues.According to a regulatory filing by Indian bank, the government, through a notification dated March 18, 2017, appointed Kishor Piraji Kharat, MD & CEO of IDBI Bank Limited as MD & CEO of Indian Bank, "for the remaining period of his current tenure or until further orders, whichever is earlier".Further, through a communication on the same day, the government has appointed the present MD & CEO of Indian Bank, Mahesh Kumar Jain as MD & CEO of IDBI Bank Limited. The above appointment will be effective from the date of assumption of charge of the post by Kishor Piraji Kharat, as the position of MD & CEO .

Ex-IDBI Bank CMD Yogesh Agarwal gets bail

He is accused of showing 'undue favours' to now-defunct Kingfisher Airlines owned by Vijay Mallya

Icra cuts rating on IDBI Bank's bonds

Weak Q3 performance triggers rating review