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  • IDBI Bank Standalone September 2021 Net Interest Income (NII) at Rs 1,853.65 crore, up  9.35% Y-o-Y Oct 21, 2021 08:22 PM IST

    IDBI Bank Standalone September 2021 Net Interest Income (NII) at Rs 1,853.65 crore, up 9.35% Y-o-Y

  • IDBI Bank Consolidated September 2021 Net Interest Income (NII) at Rs 1,860.03 crore, up  9.21% Y-o-Y Oct 21, 2021 08:22 PM IST

    IDBI Bank Consolidated September 2021 Net Interest Income (NII) at Rs 1,860.03 crore, up 9.21% Y-o-Y

  • IDBI Bank Q2 net profit jumps 75% to Rs 567 crore on NII growth Oct 21, 2021 07:47 PM IST

    IDBI Bank Q2 net profit jumps 75% to Rs 567 crore on NII growth

    The LIC-owned bank had reported a standalone profit after tax of Rs 324 crore in the year-ago quarter.

  • Is there more steam left in IDBI Bank’s rally? Oct 14, 2021 12:40 PM IST

    Is there more steam left in IDBI Bank’s rally?

    While IDBI Bank’s improved profitability and strengthened balance sheet is comforting, the prospective buyer will be lured by the banking licence and the large deposit base

  • IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time; KPMG places Re 1/bid Sep 19, 2021 02:33 PM IST

    IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time; KPMG places Re 1/bid

    The Cabinet had in May given in-principle approval for IDBI Bank's strategic disinvestment along with transfer of management control.

  • IDBI Bank sale: Link Legal emerges as front-runner for role of legal advisor Aug 20, 2021 10:46 PM IST

    IDBI Bank sale: Link Legal emerges as front-runner for role of legal advisor

    In May, the Cabinet Committee on Economic Affairs had given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd. The government and LIC together own more than 94% of equity of IDBI Bank (GoI 45.48%, LIC 49.24%). On August 14, Moneycontrol had reported that KPMG was the lead contender for the role of transaction advisor.

  • IDBI Bank Sale: KPMG India emerges as front-runner for role of Transaction Advisor Aug 14, 2021 04:18 PM IST

    IDBI Bank Sale: KPMG India emerges as front-runner for role of Transaction Advisor

    In May, the Cabinet Committee on Economic Affairs had given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd. The government and LIC together own more than 94% of equity of IDBI Bank (GoI 45.48%, LIC 49.24%).

  • IDBI Bank strategic sale: 7 firms in race for transaction advisor Aug 08, 2021 05:56 PM IST

    IDBI Bank strategic sale: 7 firms in race for transaction advisor

    The firms that have bid for acting as transaction advisor are Deloitte Touche Tohmatsu India LLP, Ernst and Young LLP, ICICI Securities, JM Financial Ltd, KPMG, RBSA Capital Advisors LLP and SBI Capital Markets.

  • Sale of stake in PSU banks postponed to next financial year: Report Aug 02, 2021 04:24 PM IST

    Sale of stake in PSU banks postponed to next financial year: Report

    The disinvestment programme has been deferred as the Centre would require more time to seek the Parliament's nod on changes in the law that would clear the privatisation of the selected state-run banks.

  • IDBI Bank Standalone June 2021 Net Interest Income (NII) at Rs 2,505.73 crore, up  41.29% Y-o-Y Jul 28, 2021 04:55 PM IST

    IDBI Bank Standalone June 2021 Net Interest Income (NII) at Rs 2,505.73 crore, up 41.29% Y-o-Y

  • IDBI Bank Consolidated June 2021 Net Interest Income (NII) at Rs 2,512.00 crore, up  40.99% Y-o-Y Jul 28, 2021 04:55 PM IST

    IDBI Bank Consolidated June 2021 Net Interest Income (NII) at Rs 2,512.00 crore, up 40.99% Y-o-Y

  • IDBI Bank posts 4-fold jump in profit to Rs 603 crore in Q1 Jul 28, 2021 04:42 PM IST

    IDBI Bank posts 4-fold jump in profit to Rs 603 crore in Q1

    The LIC-controlled private sector bank had posted a net profit of Rs 144.43 crore for April-June 2020-21.

  • SBI, Axis, IDBI Bank revise charges from today: Check now Jul 01, 2021 01:05 PM IST

    SBI, Axis, IDBI Bank revise charges from today: Check now

    Account-holders of various private banks like Axis and IDBI bank, along with public sector banks like Canara Bank, Bank of Baroda, Syndicate Bank, and SBI, one of India’s largest lenders will be impacted

  • Govt may review IBC provisions as lenders settle for haircuts as high as 94%: Report Jun 25, 2021 12:45 PM IST

    Govt may review IBC provisions as lenders settle for haircuts as high as 94%: Report

    A 2018 amendment in the IBC allows the committee of creditors (CoC) to withdraw the insolvency application with the approval of a 90 percent majority.

  • IDBI Bank share price surges 6% as govt plans to sell 26% stake in the company Jun 23, 2021 09:43 AM IST

    IDBI Bank share price surges 6% as govt plans to sell 26% stake in the company

    At present, IDBI Bank is classified as a private sector bank by the RBI with government shareholding at 45.5 percent, Life Insurance Corporation of India (LIC) shareholding at 49.24 percent and the Non-promoter shareholding at 5.29 percent.

  • Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors Jun 22, 2021 07:01 PM IST

    Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors

    The government has not yet finalized how much stake to sell and will do so in consultation with the RBI, LIC Ltd, and the appointed transaction advisor, a senior government official told Moneycontrol. The stake offloaded could be anything between 26 percent (the minimum required to transfer management control) and the centre's entire stake, which is currently at 45.5 percent

  • Ideas For Profit | IDBI Bank: Divestment to drive stock upside? Jun 15, 2021 08:51 PM IST

    Ideas For Profit | IDBI Bank: Divestment to drive stock upside?

    IDBI bank is all set for sale with Cabinet Committee on Economic Affairs giving its in-principle approval for strategic disinvestment and transfer of management control. The board of LIC has also passed a resolution to the same effect. Both, LIC and the government, plan to sell all or part of their stake in the lender. Undoubtedly, privatisation would unlock value of IDBI’s deposit franchise. With the bank’s market cap to deposits ratio at just 18% compared to over 30% for small to mid-sized private banks, there is possibility of further upside in valuation.

  • How much value will the potential buyer assign to IDBI Bank? Jun 15, 2021 09:57 AM IST

    How much value will the potential buyer assign to IDBI Bank?

    While the current valuation of IDBI Bank is pricing in the improvements in operating metrics and profitability, there can be further upside, driven by the potential sale of bank

  • IDBI customers to get only 20 free cheque leaves per year from July 1; other services too revised Jun 11, 2021 08:30 PM IST

    IDBI customers to get only 20 free cheque leaves per year from July 1; other services too revised

    Introducing the revision of services in savings bank accounts, the lender in a notice said the free transaction limits (for select facilities) and lock discounts offered to individual savings bank customers are being revised from July 1, 2021.

  • RBI says MK Jain reappointed as Deputy Governor for next two years Jun 10, 2021 11:22 AM IST

    RBI says MK Jain reappointed as Deputy Governor for next two years

    Mahesh Kumar Jain's new two-year term as RBI Deputy Governor will begin on June 22. He has over 30 years of banking experience, was the MD of IDBI Bank in 2017 and Chennai-based Indian Bank in 2015.

  • India’s IDBI Bank secures USD 239 million debt judgment in UK High Court Jun 03, 2021 08:35 PM IST

    India’s IDBI Bank secures USD 239 million debt judgment in UK High Court

    Mumbai-headquartered IDBI had entered into loans totalling USD 148 million with two Singapore registered companies -- Varada Drilling One Pte Ltd and Varada Drilling Two Pte Ltd -- for the construction of two jack up drilling rigs in March 2013.

  • Exclusive | Timely resolution as per RBI’s package and vaccination key monitorable, says IDBI Bank DMD Suresh Khatanhar May 28, 2021 06:32 PM IST

    Exclusive | Timely resolution as per RBI’s package and vaccination key monitorable, says IDBI Bank DMD Suresh Khatanhar

    Sectors like Hospitality, Restaurant and aviation are largely impacted apart from self-employed, Micro and Small units/business in containments zones

  • IDBI Bank launches digital loan processing system for MSME, agri borrowers May 20, 2021 08:29 PM IST

    IDBI Bank launches digital loan processing system for MSME, agri borrowers

    The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others, IDBI Bank said in a statement.

  • Siva group-IDBI Bank deal divides bankers, triggers debate on weakening bankruptcy law May 19, 2021 11:51 AM IST

    Siva group-IDBI Bank deal divides bankers, triggers debate on weakening bankruptcy law

    Under the agreed one-time settlement with Sivasankaran’s SIHL, banks will get 10 percent of their money owed which they say is better than liquidation value. Some eperts say defaulting promoters could use this way to take back control of their companies at a pittance.

  • IDBI Bank divestment: LIC may sell stake in multiple tranches, up to 5% in FY22 May 06, 2021 01:34 PM IST

    IDBI Bank divestment: LIC may sell stake in multiple tranches, up to 5% in FY22

    LIC which is the promoter of IDBI Bank is likely to sell stake and unlock value ahead of its initial public offering in Q3FY22.

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