Sebi Approves Govt Stake in IDBI Bank to be Reclassified as ‘Public’
The Securities and Exchange Board of India (SEBI) has allowed the centre to reclassify its stake in IDBI Bank as “public” following the divestment, provided...
Tag : idbi bank
NARCL Emerges as Top Bidder for SREI with NPV of Rs 5,555 Crore
National Asset Reconstruction Company Ltd (NARCL) emerged as the top bidder in the auction of two finance firms, Srei Infrastructure Finance and Srei Equipment Finance,...
IDBI Bank Jumps at 6%
IDBI Bank’s shares hit a high in a week of Rs 60.60 as they rallied 6% in the morning trade after the Department of Investment...
IDBI Bank Hits Fresh 52-Week High, Up 15% in Four Days on Heavy Volume
Shares of IDBI Bank hit a 52-week high of Rs 55.60 in heavy intraday trading on Tuesday, up 5% on the BSE. The private bank’s...
Centre Seeks Extension to Meet 25% Public Holding Norm for IDBI Bank Stake Sale
According to CNBC TV-18, the central government seeks SEBI to extend IDBI Bank’s 25% minimum public shareholding (MPS) standard after privatisation. The channel reported on...
IDBI Bank Q2 Net Profit Rises 46% to Rs 828 Crore on Loan Growth
Divestment candidate IDBI Bank‘s second-quarter net profit rose 46% to Rs 828 crore on strong loan growth and higher margins amid a marked improvement in...
Govt, LIC Jointly Divest 60.72% Stake in IDBI Bank
The Department of Investment and Public Assets Management (DIPAM) on October 7 invited potential bidders to submit expressions of interest (EoI) for the strategic divestment...
Govt Tries to Relax IDBI Bank’s Public Shareholding Rules After Privatisation
The government has contacted the capital market regulator to ask IDBI Bank to relax its minimum public shareholding (MPS) norms for two years after privatisation,...
IDBI Bank Hits Four-Month High on Privatisation Hopes
Shares of IDBI Bank Ltd surged more than 9% to a four-month high of Rs 43.85 on the BSE after Bloomberg reported that the government...
IDBI Bank Increases Fixed Deposit Interest Rates
With effect from August 22, 2022, IDBI Bank has increased the interest rates on fixed deposits across a range of tenors. On a few tenors,...