Reluctant to let another NPA hurt them, the banks were ready to talk to anybody willing take over control of AMW Motors and repay the debt
One Dy MD, three EDs to exit in 40 days; Another post of Dy MD vacant since Oct 2015, after M Rego moved to Bank of India as MD & CEO
Government's holding in bank stands at 73.98%
NPA provisions balloon to Rs 4,275 cr
Bank aims to provide foreign currency funding facility to its Indian clients from the GIFT City
IDBI Bank Managing Director and CEO said there is no proposal from L&T Finance for merger
IDBI Bank has sold 9,00,000 equity shares constituting 2% stake in NSE to LIC
With this, the stake of IDBI Bank in NSE has come down to 3%, from 5% earlier
The Madras High Court has issued an order restraining various organisations which are protesting against the centre's stake dilution in IDBI Bank, from causing impediments to the smooth functioning of the branches of the Bank.The order was issued on Monday, when various employees organisations has called for a one day strike during the day. It may be noted that a court in Karnataka and another Court in Telengana also issued orders last week, restraining the organisations from conducting strike. IDBI Bank has filed a petition against All India IDBI Employees' Association, IDBI Officers Organisation, United Platform of IDBI Bank Unions, Union Forum of IDBI Officers & Employees, IDBI Workers' Union and IDBI Karmchari Sangh.The situation became complex with a section of the officers' organisation went ahead and announced strike for four days, from March 28 to 31, which in effect would have left the IDBI Bank not working for almost nine days, till April 1. However, the organisations ...
Bank employees raised 'privatisation' issue, following which labour authorities held conciliation talks from March 21 to 24, which however ended in failure
It claimed none of their services were disrupted in nationwide strike except in Karnataka, where High Court asked unions not to go on strike
The bank has around 17,500 employees
They are protesting against the government's plan to pare its stake in the lender
IDBI Bank will continue with the strike call, bank operations will be hit by agitation
The fund would be raised in one or more tranches comprising senior or infrastructure bonds by way of private placement or public issue in 2016-17
The facility of investing in G-Sec through ATM is an extension of Bank's Samriddhi G-Sec Portal
It says there was a slew of meetings between Mallya and key bank executives as the Kingfisher Airlines was going under
Amid asset challenges, valuations capture privatisation gains and efforts to improve financials
Demand govt should strengthen forums like Debt Recovery Tribunal by giving teeth to them
Bank says it will need over Rs 30, 000 crore in capital to back loan book of Rs 5.5 lakh crore by March 2019