Page 7 - Idbi Bank

IDBI Bank a strategic partner, don't want to exit it fully: LIC chairman

Kumar says investors need not worry about govt control post IPO

Govt to initiate investor outreach for IDBI Bank sale from Feb 25

The roadshows for the strategic disinvestment of IDBI Bank will be held virtually as investors are not keen on physical meetings due to pandemic fears.

Market wrap: Sensex ends choppy day 145 pts down, Nifty holds 17,300

Vedant Fashions makes decent debut, lists at 8% premium; Vijay Kedia-owned stock hits 10% upper circuit on order win; IDBI Bank gains 3% as govt set to begin investor outreach from Feb 25

Top headlines: IDBI Bank privatisation on track; I-T searches on Huawei

Here are the top headlines on Wednesday

More capital support to IDBI Bank may have adverse impact on LIC: DRHP

LIC had infused Rs 4,743 crore into IDBI Bank on October 23, 2019 using policyholders' funds while the bank further raised Rs 1,435.1 crore in Dec. 2020 by way of a qualified institutional placement

LIC Housing or IDBI will stop home loan business by Nov 2023: LIC IPO DRHP

Housing finance will be conducted only by one entity, the insurer said, in the draft red herring prospectus (DRHP) for its initial public offering (IPO)

Top headlines: RIL Q3 results, IDBI Bank sale after LIC IPO, and more

Reliance Industries Ltd on Friday reported a consolidated net profit of Rs 18,549 crore in the quarter ended December 2021

IDBI Bank Q3 net profit jumps 53% to Rs 578 cr on robust NII growth

Net interest income up 30% YoY to Rs 2,2383 cr

Centre to get cracking on IDBI Bank sale once LIC IPO is launched

With LIC IPO being top priority, other plans take back seat

Stocks to Watch: RIL, Wockhardt, IDBI Bk, SJVN, Titan, DMart, FMCG, Pharma

Pharma shares may be in focus as India's apex health research organization ICMR has raised concerns around the safety for use of the oral antiviral drug Molnupiravir

Top headlines: Doctors, nurses prep for 3rd wave; EC set to give poll dates

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale. More in today's top headlines

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale

The Centre has sought relaxing the 26-per cent cap for new promoters of IDBI Bank, as it looks to initiate a strategic divestment of the lender.

Banking sector set to witness significant reforms in the new year

Privatisation of public sector banks and strategic disinvestment of IDBI Bank on the agenda of the government for 2022

Sensex pares gains, ends 497pts higher led by RIL, IT; MapmyIndia gains 33%

The BSE Midcap and Smallcap indices were up around 1.5 per cent each. Metal, IT, Consumer Durables indices logged smart gains

Sanghavi Exports' NPA account exposure is Rs 16.7 crore: IDBI Bank

This has been a bad loan account for more than three years

Delta Corp, PVR, IDBI Bank: 5 small-cap stocks to bet this Diwali

These five small-cap stocks can rally up to 40 per cent in the medium-term, indicate charts

IDBI Bank Q2 net profit surges 75% to Rs 567 cr; NIM improves

Its stock was down by 2.03 per cent to Rs 55.6 per share

IDBI Bank reports 75% jump in net profit to Rs 567 crore in second qtr

The LIC-controlled bank had earned a net profit of Rs 324 crore in the same period (July-September) of the last fiscal.

Govt to soon reach out to potential buyers of debt-laden IDBI Bank

The Centre, through its advisors, will share the strategic sale plan with investors, and how the deal is expected to be structured, an official said

ICRA flags asset quality pressure risk for IDBI Bank due to pandemic

The agency upgraded the rating for the Mumbai-based private lender's bonds, debentures and tier-II capital instruments from "A" to "A+"