In October, the government and the LIC decided to offload a little over 30 per cent each in IDBI Bank. They issued a preliminary information memorandum, inviting EoIs for an aggregate 60.72 per cent stake, along with management control.
New Delhi [India], October 7 (ANI): The Government of India and Life Insurance Corporation of India (LIC) will together divest 60.72 per cent stake in IDBI Bank. The government on Friday invited the expression of interest for the divestment of stakes in the bank.
Mumbai (Maharashtra) [India], August 26 (ANI): Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privati
Mumbai (Maharashtra) [India], May 2 (ANI): IDBI Bank on Monday said its net profit for the fourth quarter of the financial year 2021-22 rose to Rs 691 crore from Rs 512 crore in the corresponding quarter of the previous year, posting year-on-year growth of 35 per cent.
Mumbai (Maharashtra) [India], April 13 (ANI): After receiving a complaint from IDBI Bank Ltd, Colaba, Mumbai, the Central Bureau of Investigation registered a case against a private company, informed the officials on Wednesday.
Mumbai [India], January 21 (ANI): IDBI Bank on Friday reported Rs 578 crore net profit for the third quarter of the current financial year, which is 53 per cent more when compared with the corresponding quarter of last year.
New Delhi [India], December 23 (ANI): Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth Rs 100 crores belonging to Rebba Satyanarayana and his family members under Prevention of Money Laundering Act (PMLA), 2002, in a case of cheating IDBI bank by tak
Mumbai (Maharashtra) [India], November 1 (ANI): Central Bureau of Investigation (CBI) has registered a case against a Mumbai-based company on a complaint filed by the IDBI Bank.
New Delhi [India], June 9 (ANI): The Centre on Wednesday re-appointed former IDBI Bank managing director (MD) and chief executive officer (CEO) Mahesh Kumar Jain, as the deputy governor of the Reserve Bank of India (RBI) for a period of two years.
New Delhi [India], June 1 (ANI): The Central Bureau of Investigation (CBI) registers a case against five accused including promoters/directors of a private company and others for causing an alleged loss of Rs 168.62 crore (approximately) to IDBI bank.
Mumbai (Maharashtra) [India], May 28 (ANI): S&P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.