RBI Allows IDBI Bank Bidders to Own More Than 40%
The government and LIC want to sell 51-74% of the lender through a strategic divestment. The official said the banking regulator had informed that it would...
Tag : idbi bank
IDBI Bank Advances After Q1 PAT Rises 25% YoY
IDBI Bank had gained 2.49 per cent to Rs 37.05 after the company reported a 25 per cent jump in net profit to Rs 756...
IDBI Bank to Sell 25% Stake in Ageas Federal Life Insurance
IDBI Bank has entered into a share purchase agreement with Ageas Insurance International, wherein the bank is looking to sell its remaining stake of 25...
IDBI Bank to Raise Over Rs 3,000 Crores Via AT1 Bonds
IDBI Bank plans to raise to Rs 3,000 Crores through additional tier-I (AT-1) bonds in FY23 to fulfil regulatory norms and business growth. It is...
IDBI Bank Net Profit Soars 318% YoY
IDBI Bank had reported a net profit of Rs 603 crore in the June quarter of FY20, up 318 per cent year-on-year (YoY) and 18...
MK Jain Reappointed as Deputy Governor of RBI
The Reserve Bank of India (RBI) on June 10 said Mahesh Kumar Jain has been re-appointed as Deputy Governor for two years. The RBI said...
IDBI Bank Shares Zoom Nearly 18%
Shares of IDBI Bank on Friday zoomed nearly 18 per cent in early trade after RBI removed the lender from its enhanced regulatory supervision or...
Vedanta to Invest $10 Billion in Divestment Bound PSUs
Anil Agarwal-led Vedanta Resources has tied up with London-based investment firm Centricus to set up a $10-billion fund to invest in government entities that will be up...
Banking Operations May Be Hit By Unions’ Strike Today
Banking operations across the country may be impacted on Thursday as some bank unions would be joining the one-day nationwide strike called by central trade...
Shree Cement's Nifty 50 Index Inclusion Drives Stock Up 6%
Shares of Shree Cement Ltd rose as much as 6 per cent to Rs 25,222.90 on Wednesday as the company will replace Yes Bank in the...