IDBI Bank Receives Final Letter Of Open Offer From LIC
The public sector lender IDBI Bank yesterday announced that it has received the final letter from Life Insurance Corporation (LIC) for an open offer to...
Tag : idbi bank
Revival Plan Still Underway For Debt-Ridden Jaypee Infratech
There are hope still alive for Jaypee Infratech Ltd. as NBCC Ltd, Kotak Investment, L&T Infrastructure, Singapore-based Cube Highways, and Suraksha group have shown interest...
Net Loss Reported By IDBI Bank For Eighth Consecutive Quarter
IDBI Bank has reported a net loss for the eighth consecutive quarter, as the state-owned bank reported a net loss to Rs 3,602.49 crores, widening...
Rakesh Sharma Appointed As MD & CEO Of IDBI Bank
Senior banker Rakesh Sharma has been appointed as managing director (MD) and chief executive officer (CEO) of IDBI Bank by the government. Sharma appointment is...
IDBI Reports Net Loss For Seventh Consecutive Quarter
Industrial Development Bank Of India (IDBI) released their quarterly financial report for the first quarter for the fiscal year 2019 where it posted a net...
LIC board has given approval to buy majority stake in IDBI Bank
Life Insurance Corporation of India’s (LIC) board has given approval to acquire a majority stake in IDBI Bank, mostly through a preferential allotment of shares. LIC will be...
IRDA has given approval to LIC, to buy stake in IDBI Bank
The Insurance Regulatory Development Authority of India (IRDAI) has given approval to Life Insurance Corporation of India (LIC), to invest up to 51% in IDBI Bank. As...
Govt proposes merger of BoB, IDBI Bank, Oriental and Central Bank
The government is considering to merge minimum four state-run banks, as a part of larger consolidation plan. The banks that could be merged are: Bank of...
Two independent directors of IDBI Bank steps down
Two independent directors Ninad Karpe and S Ravi have resigned from the board of IDBI Bank, with effect from May 11 and May 12 respectively....
RBI levies penalty of Rs.3 crore on IDBI Bank
The Reserve Bank of India (RBI), has levied a penalty of Rs.3 crore on IDBI Bank, for failing to comply with norms related to reporting...