Fri, Oct 25, 2024
Net interest income also showed a solid 26 per cent increase to Rs 3,875 crore for the quarter, up from Rs 3,066 crore in Q2 2023. IDBI Bank's net interest margin (NIM) rose to 4.87 per cent from 4.33 per cent in the previous year’s quarter, demonstrating enhanced profitability.
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Tue, Aug 20, 2024
Utsav Fixed Deposit: This offer is valid till September 30, 2024, it said, adding, that customers can open an Utsav Fixed Deposit conveniently through the bank's website or mobile banking application or at any branch of the bank.
Mon, Jul 29, 2024
What is the government's future plan regarding disinvestment? The process of RBI fit proper in IDBI Bank is almost complete. Exclusive conversation with DIPAM Secretary, Tuhin Kant Pandey on Zee Business.
Mon, May 06, 2024
IDBI Bank's profit after tax (PAT) soared by 44 per cent to Rs 1,628.50 crore in the quarter under review from Rs 1,133.4 crore in the same quarter last fiscal. The company's provision jumped to Rs -693 core in Q4 compared to Rs -5,469 crore YoY. Its quarter-on-quarter (QoQ) provision was Rs -693 crore in the fourth quarter against Rs -446 crore in the previous quarter. Gross non-performing assets were 4.53 per cent in the January-March quarter compared to 4.69 per cent QoQ.
Tue, Apr 23, 2024
Disinvestment of IDBI Bank can happen by the end of the year... Disinvestment is on the top priority of DIPAM... Investigation of bidding companies can be completed next month... Investigation is taking time due to foreign investment.
Fri, Feb 02, 2024
The government along with LIC is selling nearly 61 per cent stake in IDBI Bank and had in October 2022, invited bids from buyers.
Mon, Nov 27, 2023
The government, which owns over 45 per cent stake in IDBI Bank, and life insurance behemoth LIC, with a 49.24 per cent shareholding in the lender, have jointly decided to sell a 60.7 per cent stake. IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, after the acquisition of an additional 82,75,90,885 equity shares.
Wed, Nov 22, 2023
The government is looking to strategically sell its 30.48 per cent stake in IDBI Bank, while state-run life insurance major Life Insurance Corp (LIC) will offload 30.24 per cent.
Tue, Nov 21, 2023
The government, along with LIC, is selling nearly 61 per cent stake in IDBI Bank and in January received multiple Expressions of Interest (EoIs) for the same.
Fri, Nov 17, 2023
Department of Investment and Public Asset Monetisation (DIPAM) Secretary Tuhin Kanta Pandey said the transaction is "on course" but there are aspects like the RBI's fit and proper criteria which need to be complied with.
Sat, Oct 21, 2023
IDBI Bank Q2 Results: IDBI Bank reported a 60 per cent rise in net profit to Rs 1,323 crore for the second quarter ended September 30 on the back of a fall in bad loans.
Tue, Sep 05, 2023
Vaibhav Vidwani, Research Analyst, Bonanza Portfolio said IDBI Bank will be strategically disinvested; hence the Central Government has requested bids to fill the position of asset valuer.
Mon, Sep 04, 2023
The government along with the LIC is selling about 61 per cent stake in IDBI Bank and has received multiple Expressions of Interest (EoI) for the same.
Sat, Jul 29, 2023
The bank's net interest income (NII) grew 36 per cent to Rs 3,745 crore in the first quarter of the current fiscal compared to Rs 2,751 crore in the year-ago period.
Tue, Jul 25, 2023
IDBIBank : ₹1224 Cr profit in June quarter.Net NPA reduced from 0.92% to 0.44%.Watch an exclusive interview with Rakesh Sharma, MD & CEO, IDBI Bank
Thu, Jun 22, 2023
Commercial vehicle maker Ashok Leyland on Thursday said it has partnered with IDBI Bank Ltd for channel financing partnership of its dealers.
Fri, May 19, 2023
The Mumbai bench of the National Company Law Tribunal (NCLT), on Friday, dismissed IDBI Bank's insolvency plea against Zee Entertainment to recover dues of Rs 149.60 crore.
Wed, May 17, 2023
IDBI Bank disinvestment to be completed soon. The names of the buyers are expected to come out by June. Bids will be invited for the stake by September. Watch this video for more details.
Tue, May 02, 2023
Net NPA expected to remain below 1% ahead: Mr. Rakesh Sharma, MD & CEO, IDBI Bank. Watch Zee Business exclusive interview with Mr. Rakesh Sharma, MD & CEO of IDBI Bank after Q4 Results.
Sat, Apr 29, 2023
In a regulatory filing on Saturday (April 29, 2023), the IDBI Bank said its board has granted approval for divestment of an additional stake of 0.01 per cent of the paid up share capital of National Securities Depository Ltd.
Fri, Mar 17, 2023
DIPAM in October last year invited EoIs for selling a 30.48 per cent stake in IDBI Bank, along with LIC's 30.24 per cent stake in the bank. In January, the government said that it has received multiple Expressions of Interest (EoIs).
Mon, Mar 13, 2023
Special FDs: As the Reserve Bank of India (RBI) has reeatedly hiked the repo rate, various public and private sector banks have increased the interest rate on fixed deposits (FD) as well.
Wed, Mar 08, 2023
After dilly-dallying for over two years, the IDBI Bank Ltd. has finally declared the DHFL promoters and siblings -- Kapil Wadhawan and Dheeraj Wadhawan -- as 'wilful defaulters' in a Rs 758 crore unpaid loans case.
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