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  IDBI Bank shares tank over 12 pc after Q1 earnings

  Business | August 16, 2019 12:53 IST

  Shares of IDBI Bank tumbled over 12 per cent on Friday after the company reported widening of loss to Rs 3,800.84 crore for the June quarter.

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  RBI says no to IDBI Bank name change proposal

  Business | March 20, 2019 17:44 IST

  The Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of controlling 51 per cent stake to insurance behemoth LIC from the government of India.

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  IDBI Bank appoints LIC as agent, forms joint group to identify synergies

  Business | March 11, 2019 7:35 IST

  The deal is expected to provide business synergies to it despite the lender's stressed balance sheet and high NPA.

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  IDBI loan fraud case: ED attaches Rs 224 crore worth of assets of firms linked to Sivasankaran

  India | February 01, 2019 19:55 IST

  The agency said it has issued a provisional order for attachment of assets under the Prevention of Money Laundering Act (PMLA) against Siva Group of Companies and Axcel Sunshine Limited located in the British Virgin Islands in the Caribbean.

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  IDBI Bank approves issuance preference shares to LIC

  Business | August 31, 2018 17:43 IST

  The board of directors have approved the proposal for seeking shareholders' approval through postal ballot for the preferential issue of equity capital to Life Insurance Corporation of India (LIC) aggregating up to 14.90 per cent of the bank's post issue paid up capital, IDBI Bank said in a filing to stock exchanges.

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  LIC planning to enter banking space by acquiring majority stake in IDBI Bank: Report

  India | June 26, 2018 19:28 IST

  If the LIC becomes a major stakeholder in IDBI Bank, it could be beneficial for both state-owned financial players in the long run.

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  IDBI-LIC stake deal: FinMin official says boards to take a call

  Business | June 25, 2018 16:20 IST

  The media reports also said the government had sought the views of insurance regulator IRDAI and markets watchdog Sebi on the move. IRDAI does not allow LIC or any other insurer to own more than 15 per cent in any company. 

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  IDBI Bank’s net loss widens to Rs 5,663 crore in Q4; NPAs soar to 28%

  Business | May 25, 2018 16:19 IST

  IDBI Bank’s gross NPA soared to 27.95% of its loans at March 2018-end compared to 21.25% at the end of March 2017. Similarly, the net NPAs were 16.69% compared to 13.21%.

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  CBI registers case against Axcel Sunshine in Rs 600 crore loan default with IDBI Bank

  Business | April 26, 2018 15:07 IST

  According to officials, the agency has searched 50 locations, including residences of former senior IDBI bank officials in the loan default case.

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  IDBI Bank discloses Rs 772 crore fraudulent loans, says report; shares plunge 3.5%

  Business | March 28, 2018 14:30 IST

  The bank revealed that some of these loans were issued during fiscal years 2009-2013 for fish farming businesses and they were obtained against fake lease documents of non-existent fish ponds and by inflating the value of collateral.

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  Unions call all-India strike on December 27 to press for wage revision at IDBI Bank

  Business | November 24, 2017 16:26 IST

  The issue of wage revision at IDBI Bank, pending since Nov 2012, was discussed at a joint meeting of unions which decided on the all-India strike in December.

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  IDBI Bank moves SC against stay on insolvency proceedings against Jaypee Infratech

  September 05, 2017 13:05 IST

  The Supreme Court on Tuesday agreed to hear IDBI Bank’s plea seeking modification of its order staying insolvency proceedings against embattled real estate firm Jaypee Infratech on September 11

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  Gross NPA shows Rs 6,816 cr divergence from RBI estimates for FY16: IDBI Bank

  July 12, 2017 17:56 IST

  In case of net NPAs by this period, the divergence is of Rs 4,755.60 crore. The lender had reported net NPAs worth Rs 14,643.39 crore as against RBI’s estimate of Rs 19,398.99 crore.

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  IDBI sanctioned Rs 350 crore loan after Mallya’s holiday meeting with bank’s ex-CMD: ED

  January 29, 2017 18:05 IST

  In an important revelation regarding the loan default case, the ED today said that the two initial tranches of loan worth Rs 350 crore were hastily disbursed by IDBI bank to Kingfisher Airlines after a

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  IDBI Bank cuts cost of lending rate by 30-60 bps from Jan 1

  December 31, 2016 19:10 IST

  State-owned IDBI Bank announced a cut in its marginal cost of fund-based lending rate (MCLR) by 30-60 basis points (bps) effective January 1, 2017.

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  Rs 900 cr loan to Mallya: ED probing why IDBI ignored Kingfisher’s negative rating

  March 23, 2016 16:27 IST

  Two internal notes by the IDBI Bank, which lent Rs 900 crore to beleaguered liquor baron Vijay Mallya in March 2009, indicate a marked difference in the bank’s stance on the grant of loan.

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  IDBI Bank officers in North East to hold protest march today

  March 20, 2016 7:36 IST

  Guwahati:IDBI Bank's officers in North East on Saturday announced to hold a protest march-cum-road show on Sunday against the Centre's proposal in the Budget to dilute government's stake in it to below 50%. "Against the

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  ED issues fresh summons to Vijay Mallya, asks him to appear on April 2

  March 18, 2016 13:54 IST

  Liquor baron Vijay Mallya today wrote to the Enforcement Directorate (ED) requesting him for extension of time till early April to appear before agency investigators.

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  ED files money laundering case against liquor baron Vijay Mallya

  March 07, 2016 17:09 IST

  New Delhi: In a move that could spell more trouble for beleagured liquor baron Vijay Mallya, the Enforcement Directorate(ED) today registered a frrsh money laundering case against him based on an FIR filed by the

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  Kingfisher Airlines allegedly diverted portion of Rs 4,000 crore in loans to tax havens

  October 12, 2015 0:02 IST

  New Delhi: Kingfisher Airlines had allegedly diverted a substantial chunk of Rs 4,000 crore in loans secured from public sector banks to tax havens which has now come under the scanner of the CBI that