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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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Vijay Mallya's sweetheart deal: Sebi may order payout for small investors

Vijay Mallya's sweetheart deal: Sebi may order payout for small investors

Thu, Jan 26, 2017

Market regulator Sebi is likely to order additional payout to small investors by way of a fresh open offer in loss to minority shareholders of United Spirits promoted by Vijay Mallya and new owner Diageo.

Mallya loan default case: Ex-IDBI Bank chairman among 8 arrested

Mallya loan default case: Ex-IDBI Bank chairman among 8 arrested

Tue, Jan 24, 2017

UB Group issued a statement in Bengaluru confirming the visit of CBI team.

S4A scheme: HCC allots 19 crore equity shares to lenders

S4A scheme: HCC allots 19 crore equity shares to lenders

Mon, Jan 09, 2017

HCC added, “LIC of India and Vijaya Bank are also in the process of the completing their respective internal processes for S4A scheme and upon completion of the same, it will further proceed to issue and allot corresponding equity shares and OCDs to them.”

Equity indices open in green; SBI shares down 1%

Equity indices open in green; SBI shares down 1%

Mon, Jan 02, 2017

Sector-wise, banking sector was 68.74, or 0.33% down.

IDBI Bank reduces MCLR for various tenors; effective from January 1

IDBI Bank reduces MCLR for various tenors; effective from January 1

Sat, Dec 31, 2016

State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1. For overnight tenor, the bank has reduced its minimum lending rate to 8.50%.

Enforcement Directorate seizes fresh Mallya assets worth over Rs 1600 crore

Enforcement Directorate seizes fresh Mallya assets worth over Rs 1600 crore

Fri, Nov 11, 2016

With a special Prevention of Money laundering Act (PMLA) court allowing its plea for further attachments, Enforcement Directorate (ED) has seized under CrPC laws fresh assets worth Rs 1,620 crore of liquor baron Vijay Mallya in connection with its money laundering case against him and others.

IDBI Bank posts 53.5% drop in Q2 net profit, Gross NPA rises

IDBI Bank posts 53.5% drop in Q2 net profit, Gross NPA rises

Tue, Oct 25, 2016

On quarter-on-quarter basis, the net profit declined by 77%.

IDBI Bank unions threaten strike over wage revision

IDBI Bank unions threaten strike over wage revision

Tue, Oct 25, 2016

Around 17,000 employees of the troubled state-run IDBI Bank, that has been reporting heavy losses on rising bad loans for several quarters now, have threatened to go on a nationwide strike if the management fails to conclude a new wage pact before the month-end.

ED attaches Vijay Mallya's assets worth Rs 6,630 crore in bank loan default case

ED attaches Vijay Mallya's assets worth Rs 6,630 crore in bank loan default case

Sat, Sep 03, 2016

The Enforcement Directorate (ED) on Saturday issued its second attachment order for assets worth Rs 6,630 crore against beleaguered businessman Vijay Mallya as it seized his farmhouse, flats and fixed deposits (FDs) in connection with its money laundering case against him and his associates.

Unified Payments Interface set to go live for customers with 21 banks: NPCI

Unified Payments Interface set to go live for customers with 21 banks: NPCI

Thu, Aug 25, 2016

The banks with 1,000 pilot customers, 5,000 transactions and a success rate of around 80% will be permitted to go live.

IDBI bank to issue additional tier-I bonds to raise Rs 1,500 crore

IDBI bank to issue additional tier-I bonds to raise Rs 1,500 crore

Wed, Aug 24, 2016

IDBI bank announced on Wednesday issuance of an additional tier-I bonds in order to raise Rs 1,500 crore. "IDBI Bank proposes to issue an additional tier-I bond amounting to Rs 1,500 crore," the company said in a statement. The bonds will be allotted by the bank from August 30.

ED registers new money laundering case against Vijay Mallya

ED registers new money laundering case against Vijay Mallya

Wed, Aug 24, 2016

In more trouble for businessman Vijay Mallya, the Enforcement Directorate (ED) has registered a fresh money laundering case against him and his associates to investigate the alleged loan default of Rs 6,027 crore availed from a consortium of nationalised banks, a case taken over by Central Bureau

Supreme Court to hear banks plea against Vijay Mallya on July 18

Supreme Court to hear banks plea against Vijay Mallya on July 18

Thu, Jul 14, 2016

The Supreme Court (SC) said on Thursday that it would hear the contempt petition filed by a consortium of banks against businessman Vijay Mallya on July 18.

Public sector bank employees to go on strike from July 12

Public sector bank employees to go on strike from July 12

Sun, Jul 10, 2016

Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.

Loan default: SBI lawyer asks Vijay Mallya to disclose balance sheets to prove charges wrong

Loan default: SBI lawyer asks Vijay Mallya to disclose balance sheets to prove charges wrong

Wed, Jun 15, 2016

Sajan Poovaiah, counsel for Kingfisher Finvest, hit back at bankers' counsel, saying the bankers have been shameful in their endeavours to give loans to Mallya even after he had defaulted.

Vijay Mallya case: DRT to take up 7 Interlocutory Applications for final hearing

Vijay Mallya case: DRT to take up 7 Interlocutory Applications for final hearing

Tue, Jun 14, 2016

During the Debt Recovery Tribunal's (DRT) proceedings post-lunch session, counsel for Kingfisher Finvest India pleaded before the Presiding Officer to hear the company's three IAs, including the 'Lifting of Corporate Veil', which is being heard by the tribunal after the bankers' made the plea.

Vijay Mallya PMLA case: Enforcement Directorate replies to Interpol

Vijay Mallya PMLA case: Enforcement Directorate replies to Interpol

Sun, Jun 12, 2016

The agency has told Interpol that it has followed all legal procedures for seeking a Red Corner Notice (RCN) against him.

ED attaches Vijay Mallya, UBHL assets worth nearly Rs 1,400 crore in IDBI Bank loan default case

ED attaches Vijay Mallya, UBHL assets worth nearly Rs 1,400 crore in IDBI Bank loan default case

Sun, Jun 12, 2016

Enforcement Directorate (ED) on Saturday attached assets worth Rs 1,411 crore of liquor baron Vijay Mallya and one of his companies in connection with its money laundering probe in the the alleged IDBI Bank loan default case.

ED moves anti-money laundering court to declare Vijay Mallya an offender

ED moves anti-money laundering court to declare Vijay Mallya an offender

Fri, Jun 10, 2016

Till now, Mallya has failed to respond and has not once appeared in front of court.

Govt to examine PSBs' capital requirements for FY17: Jayant Sinha

Govt to examine PSBs' capital requirements for FY17: Jayant Sinha

Mon, Jun 06, 2016

Finance Minister Arun Jaitley has also promised to provide more if there is an additional requirement.

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