
Fixed Deposit Interest Rate: Following this trend of rising term deposit rates, two banks today announced a revision in their…
To invite bids in August; RBI, Sebi to ease rules to aid divestment process.
Asset quality improved, with the gross NPA ratio falling to 19.9% in Q1FY23 from 20.16% in the previous quarter. The…
After a gap-up start on Thursday, BSE Sensex and NSE Nifty 50 gave up gains and turned negative.
The Department of Investment and Public Asset Management (Dipam), which held roadshows in the US in the last few days,…
The Department of Investment and Public Asset Management (DIPAM) is currently holding roadshows in the US for the sale. After…
In December 2020, IDBI Bank had raised Rs 1,435 crore via qualified institutional placement. Life Insurance Corporation, which holds a…
Gross advances grew 10% y-o-y to Rs 1.78 trillion at the end of March. Retail loans accounted for 63% of…
Pankaj Sharma has been nominated as a director of the bank through a notification dated April 11, 2022 with immediate…
Currently, Life Insurance Corporation (49.24%) and the government (45.48%) together hold 94.78% stake in the lender.
The disinvestment receipts were Rs 14,000 crore against the target of Rs 40,000 crore in FY12. Receipts of Rs 1…
Success in the IDBI Bank sale may be indicative of broader investor appetite in state-owned banks with adequate loan-loss reserves.
The government may look to sell around a 26 per cent stake in the bank, along with management control to…
The chairman added there was “no sense’ as yet of the extent of the stake that would be retained as…
IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional 8,27,590,885…
The government expects to mobilise about Rs 63,000 crore from the proposed Offer-for-Sale (OFS) to meet the lower disinvestment target…
The lender’s stressed assets ratio also improved, with gross non-performing assets (NPAs) declining to 20.92 per cent of gross loans…
Nifty futures were trading 22.50 points or 0.14 per cent down at 16,604 on Singaporean Exchange, indicating a gap-down start…