Not Closing 9 Banks, Says RBI After Social Media Rumours
Just a day after the Reserve Bank of India (RBI) imposed withdrawal restrictions on Punjab & Maharashtra Co-operative Bank (PMC) for six months, the social...
Tag : idbi bank
IDBI Bank Revises Fixed Deposit Rates
IDBI Bank offers multiple fixed deposit (FD) schemes to their customer. The Bank offers, a higher interest rate on fixed deposits as compared to their...
Cabinet Approves Rs 9000 Crore Infusion in IDBI Bank
On Tuesday, the Cabinet has approved a capital infusion plan of Rs 9,300 crore for IDBI Bank. The Cabinet cleared the IDBI Bank recapitalisation plan...
SBI Reduces Key Lending Rates, Home Loans to Get Cheaper
The development comes after Reserve Bank of India’s Monetary Policy Committee (MPC) delivered its fourth repo rate cut in a row. “SBI has affected the...
LIC And IDBI Creates Task Force To Tackle Bad Debts
To implement synergies, Life Insurance Corporation of India and IDBI Bank Ltd. had put up a task force. About four months earlier, India’s biggest insurance...
LIC's Stake Reduction In IDBI Bank Sought By IRDAI
On Monday, IRDAI has sought a proposal from LIC for combining its shareholding with a recently acquired controlling stake in IDBI Bank Ltd. According to...
Reserve Bank Fines 36 Banks For SWIFT Non-Compliance
The Reserve Bank Of India said it has charged penalties on 36 public, private and foreign bank domains for non-compliance with different implementation and hardening...
IDBI Bank To Retain MD Rakesh Sharma For 3 More Years
The IDBI Bank is planning to appoint the current MD Rakesh Sharma for three more consecutive years as an MD and Chief Executive. Also, it...
Jaypee Infratech Former Promoter Makes Attempt To Regain Control
In order to regain control over the bankrupt Jaypee Infratech (JIL), former promoter Manoj Gaur has proposed to eliminate dues worth Rs. 8,358 crores out...
LIC Completes Acquisition Of 51% Controlling Stake In IDBI Bank
The state-controlled IDBI Bank has announced that the Life Insurance Corporation (LIC) completed the acquisition of 51% controlling stake in the Bank today on 21St...