Page 8 - Idbi Bank

IDBI Bank hits 52-week high, rallies 24% in 4 days on rating upgrade

The bank in an exchange filing said ICRA has upgraded its existing rating to ICRA A+ from ICRA A for Infrastructure bonds, Flexi Bond, Senior & Lower Tier II bonds and Subordinate debt

Centre starts talks with RBI to kick off bank privatisation process

The process of bank privatisation would be different from the sale of any other PSU, and more restrictions and measures will have to be put in place, the official said

IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time

Most of the merchant bankers who had submitted bids for facilitating strategic sale of LIC-controlled IDBI Bank indicated a time-frame of one year to complete the elaborate process, sources said

Investors richer by Rs 4 trn as Sensex zooms 765 pts, ends near 56,900

Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion

Stocks to watch: Airtel, RIL, M&M, Nazara Tech, IDBI Bank, Burger King

Amit Banerjee took over as Chairman and Managing Director of BEML on Friday

IDBI Bank board approves divesting entire 19% stake in ARCIL

IDBI Bank on Friday said its board has okayed a proposal to divest its entire stake of over 19 per cent in ARCIL

KPMG to assist government in strategic divestment of IDBI Bank for Rs 1

The near-zero bid could make KPMG one of the largest players in managing deals in the financial services space if IDBI Bank sale is a success

Good show by private banks, better by PSBs

Whether it is net profit, fee income or bad loans, public sector banks have put up a better show in the June quarter than their private peers

8 law firms in race to advise on sale of govt's 45.48% stake in IDBI Bank

LIC, which owns 49.24 per cent, will also offload its stake to transfer management control to the new buyer

Stocks to watch: Rolex Rings, Vodafone Idea, Shree Cement, BoB, IDBI Bank

Power Finance Corporation (PFC) has increased its global medium-term note programme from USD 5 billion to USD 8 billion

IDBI Bank strategic sale: 7 firms in race for transaction advisor

As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank.

Kingfisher Airlines case: Mallya mocks banks for saying he still owes money

With reports of IDBI Bank fully recovering its dues from now-defunct Kingfisher Airlines, fugitive businessman Vijay Mallya on Thursday mocked banks for saying he still owed them money.

IDBI Bank expects its gross NPAs to come down to 15% by FY22-end

Growth in loan book and transfer of some bad assets to NARC will fuel the reduction in gross NPAs

Top headlines: Pfizer raises sales forecast; Maruti misses estimates in Q1

Business Standard brings you the top headlines on Wednesday

IDBI Bank's net profit soars 318% YoY to Rs 603 cr in June quarter

Net interest income of the lender jumped 41% YoY to Rs 2,506 crore but sequentially it was down 23%

Stocks to watch: Mindtree, Vodafone Idea, RIL, IDBI Bank, Shilpa Medicare

Mindtree, Tata Metaliks, Deccan Health Care, Shree Ganesh Remedies and WS Industries are among eight companies that will release quarterly earnings today

Govt moves deadline for legal advisors to bid for managing IDBI Bank sale

The government has extended the deadline for transaction and legal advisors to bid for managing the IDBI Bank strategic sale by 9 days till July 22.

Centre, LIC to offload part or full IDBI Bank stake in one go: DIPAM

Any person holding less than 25% of shares in a company can make an open offer provided that it is for a minimum of 26%

LIC's holding in IDBI Bank to be sold along with govt's stake: DIPAM

LIC's holding in IDBI Bank would be sold along with the government's stake in the lender's disinvestment, but the exact quantum of stake dilution is yet to be decided, the DIPAM has said.

IDBI Intech eyes fintech firms for takeover as it expands in Europe, Asia

Firm currently has 20 fintechs in its fold; ties up with Lemon Advisors to expand overseas