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  • COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed May 31, 2020 04:07 PM IST

    COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed

    The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.

  • Jaypee Infratech case: Voting on NBCC bid underway; IDBI moves NCLAT to vote against plan May 31, 2019 07:37 PM IST

    Jaypee Infratech case: Voting on NBCC bid underway; IDBI moves NCLAT to vote against plan

    The voting on the NBCC bid began at noon on May 31 and is expected to continue for ten days until June 10.

  • Jaypee case: NCLT Allahabad allows Jaypee Infra resolution process to go on until next date of hearing May 06, 2019 06:15 PM IST

    Jaypee case: NCLT Allahabad allows Jaypee Infra resolution process to go on until next date of hearing

    The NBCC bid is likely to be discussed at the May 9 meeting, sources told Moneycontrol.

  • Essay| A deep dive into the history of RBI’s reserves Feb 08, 2019 04:01 PM IST

    Essay| A deep dive into the history of RBI’s reserves

    It is interesting to note that RBI’s capital has remained unchanged, but its reserves have changed significantly over the years

  • IDBI Federal Life expects flat growth Feb 06, 2019 12:28 PM IST

    IDBI Federal Life expects flat growth

    "Last fiscal, the growth was 15 percent. We are expecting a growth between 12 percent and 18 percent this fiscal," CEO and whole-time director of IDBI Federal Life, Vighnesh Shahane, told PTI.

  • Delhi HC dismisses appeal against LIC move to acquire 51% stake in IDBI Dec 21, 2018 11:43 AM IST

    Delhi HC dismisses appeal against LIC move to acquire 51% stake in IDBI

    A bench of Chief Justice Rajendra Menon and Justice V K Rao said the single judge had considered all aspects before denying any relief to the All India IDBI Officers Association, which had opposed the Life Insurance Corporation (LIC) move on the ground that change in shareholding could take away IDBI's public sector bank status.

  • Delhi HC rejects plea against LIC move to acquire 51% stake in IDBI Dec 17, 2018 02:43 PM IST

    Delhi HC rejects plea against LIC move to acquire 51% stake in IDBI

    Additional Solicitor General Tushar Mehta, appearing for LIC, had also said it has applied for a banking licence.

  • IDBI Bank files insolvency application against Reliance Naval in NCLT Sep 06, 2018 09:28 PM IST

    IDBI Bank files insolvency application against Reliance Naval in NCLT

    A filing with the BSE stated that another lender of the company IFCI Limited, had also filed the similar application in November 2017.

  • LIC board likely to approve IDBI Bank investment today Jul 16, 2018 12:26 PM IST

    LIC board likely to approve IDBI Bank investment today

    LIC will own 51 percent in IDBI Bank after the deal and will be the bank's largest shareholder

  • Banks to hold back on new home loan overdraft accounts Jul 03, 2018 12:39 PM IST

    Banks to hold back on new home loan overdraft accounts

    If money parked in the account is in excess of the EMI amount, it is treated as pre-payment towards the loan. This effectively brings down the liability, and interest is charged only on the balance.

  • IDBI-LIC stake deal: FinMin official says boards to take a call Jun 25, 2018 03:10 PM IST

    IDBI-LIC stake deal: FinMin official says boards to take a call

    "Both IDBI Bank and LIC are independent organisations. We have left all the decisions to bank boards and we are not going to micromanage them," a senior finance ministry official told reporters on the sidelines of the two-day annual summit of the Asian Infrastructure Investment Bank.

  • B Sriram of SBI appointed MD & CEO of IDBI Bank Jun 20, 2018 08:25 PM IST

    B Sriram of SBI appointed MD & CEO of IDBI Bank

    B Sriram Managing Director of SBI appointed as the MD and CEO of IDBI Bank for a temporary period of three months. The previous CEO of IDBI Mahesh Kumar Jain was recently named Deputy Governor of the Reserve Bank of India (RBI).

  • IDBI Bank Q2 loss at Rs 198 crore as bad loans rise Oct 31, 2017 07:47 PM IST

    IDBI Bank Q2 loss at Rs 198 crore as bad loans rise

    The bank had reported a net profit of Rs 55.52 crore for the July-September period of last fiscal, 2016-17.

  • ED-CBI team in London to submit more proof in Vijay Mallya case Jul 20, 2017 09:00 AM IST

    ED-CBI team in London to submit more proof in Vijay Mallya case

    The visiting officials of the two central probe agencies will also submit the charge-sheet filed by the Enforcement Directorate in the case last month in Mumbai, said a senior official in the Mallya probe team.

  • Loan default case: Court orders attachment of Vijay Mallya's accounts Jul 18, 2017 07:56 AM IST

    Loan default case: Court orders attachment of Vijay Mallya's accounts

    The court last week also allowed the agency's request for issuance of Letter Rogatory to the UK to assist it in the probe.

  • ED files first chargesheet against Mallya in IDBI Bank loan to Kingfisher Airlines Jun 14, 2017 09:48 PM IST

    ED files first chargesheet against Mallya in IDBI Bank loan to Kingfisher Airlines

    ED has filed its first chargesheet against Vijay Mallya and 8 others, including IDBI Bank officials for alleged money laundering in the IDBI-KFA bank loan case.

  • Banks seek easier restructuring norms under S4A, keen to spread losses on loans May 31, 2017 09:49 AM IST

    Banks seek easier restructuring norms under S4A, keen to spread losses on loans

    In a meeting with the banking regulator on Tuesday, top bank heads suggested that RBI must permit sustainable loans even below 50 percent under the S4A (Scheme for sustainable structuring of stressed assets).

  • Debt recovery: Banks use Bankruptcy Code to crack down on companies with loan defaults Apr 03, 2017 10:56 PM IST

    Debt recovery: Banks use Bankruptcy Code to crack down on companies with loan defaults

    One such company is Bharati Shipyard, where lenders plan to use the bankruptcy code and file a case with National Companies Law Tribunal (NCLT), according to sources. They may appoint E&Y as resolution professional.

  • Icra downgrades various debt instruments of IDBI Bank Feb 24, 2017 06:48 PM IST

    Icra downgrades various debt instruments of IDBI Bank

    Rating agency Icra on Friday downgraded various debt instruments of IDBI Bank owing to a significant erosion of it's common equity tier I (CET 1), following weak financial performance of the bank in the quarter ended December.

  • Govt to rework its consolidation strategy: Sources Feb 20, 2017 10:27 PM IST

    Govt to rework its consolidation strategy: Sources

    Government sources have told CNBC-TV18 that the government is rework its consolidation strategy and will not merge weak PSBs with bigger public banks.

  • MEP bags 4-laning contract from NHAI in Nagpur Jan 19, 2017 04:00 PM IST

    MEP bags 4-laning contract from NHAI in Nagpur

    The company has received a letter of appointment from NHAI for the contract which stretches from Fetri village to Dhargaon (Package II) with a total length of 28.05 km, MEP said in a statement issued here.

  • RBI tightens lending norms for larger corporates Dec 01, 2016 06:52 PM IST

    RBI tightens lending norms for larger corporates

    Reserve Bank of India (RBI) has tightened the rules for bank's lending to large corporate entities. The rule is applicable from April 1, 2019.

  • Dr Reddy's launches cycle share programme in Hyderabad Dec 01, 2016 04:22 PM IST

    Dr Reddy's launches cycle share programme in Hyderabad

    Dr.Reddy's Redibike, as the programme would be known, opens with a fleet of 400 "robust and easy to ride" cycles that are available at 10 stations, the company said in a statement.

  • Sensex, Nifty rangebound; IDBI Bank up 4%, DHFL hits record high Oct 19, 2016 12:00 PM IST

    Sensex, Nifty rangebound; IDBI Bank up 4%, DHFL hits record high

    Benchmark indices remained rangebound in noon trade with the Nifty hovering around 8675 level as investors awaited September quarter earnings.

  • Mallya fails to appear before PMLA court; ED to initiate fresh Jul 29, 2016 06:52 PM IST

    Mallya fails to appear before PMLA court; ED to initiate fresh

    The Enforcement Directorate is expected to initiate a fresh action of attachment of assets against liquor baron�Vijay Mallya�who today skipped appearance before a PMLA court here in connection with a money laundering probe against him in an alleged bank loan fraud case.

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