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IDBI Bank

IDBI Bank Q2 profit jumps 39% to Rs 1,836 crore on robust interest income

IDBI Bank Q2 profit jumps 39% to Rs 1,836 crore on robust interest income

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.

Utsav Fixed Deposit: IDBI Bank increases FD rate for limited period; check all details here

Utsav Fixed Deposit: IDBI Bank increases FD rate for limited period; check all details here

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.

What is the government's future plan regarding disinvestment?

What is the government's future plan regarding disinvestment?

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.

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FD interest rate: Earn 8% return on this private bank's fixed deposit - Check details

FD interest rate: Earn 8% return on this private bank's fixed deposit - Check details

Wed, Feb 15, 2023

IDBI Bank FD Interest Rate 2023: The bank is now offering 7.25 per cent for the general public and 8 per cent for senior citizens on special deposits with a 700-day term.

IDBI Bank manager arrested for swindling money from customers' accounts

IDBI Bank manager arrested for swindling money from customers' accounts

Mon, Jan 30, 2023

IDBI bank in Bengaluru in connection with transferring Rs 4.92 crore illegally to various accounts, police said on Monday.

Budget 2023: Govt may not come up with fresh divestment plans; likely to focus on privatisation of already announced PSU firms

Budget 2023: Govt may not come up with fresh divestment plans; likely to focus on privatisation of already announced PSU firms

Sun, Jan 29, 2023

The disinvestment target outlined in the Budget for the next fiscal is likely to be a scaled-down and realistic one, as the budgeted PSU sell-off target is going to be missed for the fourth year in a row this fiscal.

Q3FY23 Results: Rakesh Sharma MD & CEO Of IDBI Bank In Talk With Zee Business

Q3FY23 Results: Rakesh Sharma MD & CEO Of IDBI Bank In Talk With Zee Business

Tue, Jan 24, 2023

The bank has clocked continuous profits since March 2020. There was a record profit in the December quarter. Watch an exclusive interview with Rakesh Sharma MD & CEO Of IDBI Bank on the results.

IDBI Bank has been profitable since March 2020, Q2 saw highest profit, says MD & CEO Rakesh Sharma

IDBI Bank has been profitable since March 2020, Q2 saw highest profit, says MD & CEO Rakesh Sharma

Tue, Jan 24, 2023

IDBI Bank: Shivangi Sarda, Research Analyst at Motilal Oswal, has recommended ‘Hold’ on IDBI Bank shares

Q3 Results 2023: IDBI Bank, Canara Bank, Triveni Turbine, others announce December quarter results - HIGHLIGHTS

Q3 Results 2023: IDBI Bank, Canara Bank, Triveni Turbine, others announce December quarter results - HIGHLIGHTS

Mon, Jan 23, 2023

State-owned IDBI Bank on Monday reported a 60 per cent growth in net profit to Rs 927 crore in the third quarter ended on December 31, 2022, on lower provisioning and better interest income

IDBI Bank Q3FY23 result: Net profit jumps 60% to Rs 972 crore

IDBI Bank Q3FY23 result: Net profit jumps 60% to Rs 972 crore

Mon, Jan 23, 2023

IDBI Bank Q3FY23 result: State-owned IDBI Bank on Monday reported a 60 per cent growth in net profit to Rs 927 crore in the third quarter ended on December 31, 2022.

IDBI Bank stake sale: Financial bids expected to come in by September, says top govt official

IDBI Bank stake sale: Financial bids expected to come in by September, says top govt official

Wed, Jan 11, 2023

The Department of Investment and Public Asset Management (DIPAM), which manages government holding in state-owned enterprises, had in October invited bids for selling 30.48 per cent stake in IDBI Bank, along with 30.24 per cent stake of LIC.

IDBI disinvestment: Bidding to start in the first half of next financial year, says DIPAM Secretary

IDBI disinvestment: Bidding to start in the first half of next financial year, says DIPAM Secretary

Tue, Jan 10, 2023

IDBI Disninvestment news: Talking about the shares of the government and the role of government and LIC in the managerial decisions, the DIPAM secretary asserted, “We reached out to Sebi and as per our proposal, Sebi accepted and notified accordingly. It may happen that we won’t be able to participate in the management.”

IDBI Bank gets domestic, global bids for stake sale: Official

IDBI Bank gets domestic, global bids for stake sale: Official

Tue, Jan 10, 2023

IDBI Bank Stake Sale News: The government owns 45.48% of IDBI Bank and is looking to divest a 30.48% stake in the lender, alongside state-owned Life Insurance Corp of India, which will sell a 30.24% from its holding of 49.24% in the bank.

Govt Gets Multiple Bids For Disinvestment Of Stake In IDBI Bank

Govt Gets Multiple Bids For Disinvestment Of Stake In IDBI Bank

Mon, Jan 09, 2023

The government has received several initial round bids for strategic sale of 60.72 per cent stake in IDBI Bank. Tuhin Kanta Pandey, Secretary, Department of DIPAM, who is monitoring the disinvestment process, gave this information in a tweet on Saturday. Watch Tarun Sharma's exclusive conversation with DIPAM Secretary, Tuhin Kant Pandey on disinvestment.

IDBI Bank Privatisation: Govt gets multiple preliminary bids for buying 61% stake in public sector bank

IDBI Bank Privatisation: Govt gets multiple preliminary bids for buying 61% stake in public sector bank

Sun, Jan 08, 2023

Currently, the government and the Life Insurance Corporation (LIC) hold 94.71 per cent in the lender. The successful bidder will have to make an open offer for acquisition of 5.28 per cent of public shareholding.

LIC applies to SEBI for public shareholder tag in IDBI Bank, demands removal of 'promoter' tag

LIC applies to SEBI for public shareholder tag in IDBI Bank, demands removal of 'promoter' tag

Fri, Jan 06, 2023

LIC is not considered as a public shareholder of IDBI bank, and according to market experts, it is very unlikely that the regulator will be up for the change in the shareholding classification.

Can IDBI Bank share price surge to Rs 100? Analysts upbeat after Sebi clears reclassification of govt’s stake

Can IDBI Bank share price surge to Rs 100? Analysts upbeat after Sebi clears reclassification of govt’s stake

Fri, Jan 06, 2023

IDBI Bank Share Price: IDBI Bank shares shot up around 5 per cent on the NSE on Friday after the company informed about getting a SEBI nod to government to classify its stake in the bank as 'public' after divestment on condition that its voting rights do not exceed 15 per cent of

Sebi permits govt stake in IDBI Bank to be classified as 'public' post divestment

Sebi permits govt stake in IDBI Bank to be classified as 'public' post divestment

Fri, Jan 06, 2023

After completion of the strategic disinvestment, IDBI Bank has to make an application to the Stock Exchanges for reclassification of Government of India holding under the public category, it said in a regulatory filing.

Suresh Kishinchand Khatanhar re-appointed as Deputy MD of IDBI Bank for one year

Suresh Kishinchand Khatanhar re-appointed as Deputy MD of IDBI Bank for one year

Thu, Dec 29, 2022

The Board of Directors of IDBI Bank has once again appointed Suresh Kishinchand Khatanhar as the Deputy Managing Director (DMD) on December 28.

New Year Gift for IDBI Bank customers: Get up to 7.50% interest on FDs - details

New Year Gift for IDBI Bank customers: Get up to 7.50% interest on FDs - details

Tue, Dec 27, 2022

IDBI Bank Amrit Mahotsav Deposit: The bank has hiked the rate of interest on deposits by 0.10 per cent and is now offering interest of 7.60 per cent for just 700 days, as a limited period offer, effective from December 26, 2022.

IDBI Bank stake sale: Big development! Govt plans tax waivers for buyer

IDBI Bank stake sale: Big development! Govt plans tax waivers for buyer

Tue, Dec 20, 2022

IDBI Bank stake sale: The federal finance ministry is looking to relax a tax clause, which would require the buyer of IDBI Bank to pay additional tax if the share price rises post the final bid, one of the officials said.

IDBI Bank Privatisation: Government extends preliminary bids submission till Jan 7

IDBI Bank Privatisation: Government extends preliminary bids submission till Jan 7

Wed, Dec 14, 2022

The government on Dec 14 has extended the deadline to submit preliminary bids for the IDBI Bank privatisation till January 7. Earlier, the last date was December 16.

IDBI Bank Privatisation, Sale News: Latest Update From Government

IDBI Bank Privatisation, Sale News: Latest Update From Government

Wed, Dec 14, 2022

IDBI Bank Privatisation, Sale News: The government and the Life Insurance Corporation (LIC) hold 94.71 per cent of IDBI Bank and are looking to offload 60.72 per cent in the state-owned bank.

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