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Idbi Bank

Government To Soon Invite Bids For IDBI Bank Privatisation: DIPAM Secretary

The Cabinet Committee on Economic Affairs gave in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank in May 2021

14 September 2022

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IDBI Bank Raises Interest Rates On Retail Term Deposits By Up To 25 Basis Points

The revised rates would be applicable across various tenors for domestic term deposits, non-resident ordinary (NRO) and non-resident external (NRE) term deposits, effective June 15


Govt Likely To Invite Preliminary Bids For IDBI Bank Privatisation Next Month: Official

The Department of Investment and Public Asset Management (DIPAM) is currently holding roadshows in the US for the sale


IDBI Bank.

No Timeline From Government For Selling IDBI Stake: LIC Chairman

LIC owns 49.2 per cent of the lender and the government and public own the remaining shareholdings in the bank which was on the verge of collapse before it was forced into the control of LIC weighed by a third of its loans...

13 August 2022

IDBI Bank Raises Interest Rates On Retail Term Deposits By Up To 25 Bps

The revised rates would be applicable across various tenors for domestic term deposits, non-resident ordinary (NRO) and non-resident external (NRE) term deposits, effective June 15, a release said


The company is expecting the stake sale to be closed in the second half of the year

Ageas Federal Life Targets 40% Sales Growth As Ownership Issues Settle Down

After the approvals from Irdai and Competition Commission, the life insurer will become the first in the segment to have maximum foreign ownership of 74 per cent

10 June 2022

IDBI Bank's Gold Loan Business Crosses Rs 10,000-Crore Milestone

The LIC-controlled bank said its loan processing system is fully automated and this has helped in the growth of the gold loan book

05 July 2022

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IDBI Bank Board Approves Appointment Of T N Manoharan As Part-time Chairman

The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the RBI approved term of three years.

09 May 2022

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02 May 2022
IDBI Bank Profit Rises 35% To Rs 691 Crore In March Quarter

IDBI Bank Profit Rises 35% To Rs 691 Crore In March Quarter

Total income during the January-March period of 2021-22, however, was lower at Rs 5,444.08 crore from Rs 6,894.86 crore in the year-ago period


29 April 2022
IDBI Bank Privatisation Process On: DIPAM Secretary

IDBI Bank Privatisation Process On: DIPAM Secretary

The preparation for privatization of IDBI Bank is going on, he said during a media interaction at the LIC IPO briefing. 


29 April 2022
Two Government Nominee Directors Join Board Of IDBI Bank

Two Government Nominee Directors Join Board Of IDBI Bank

The government nominee directors are Manoj Sahay, Joint Secretary and Financial Advisor, and Sushil Kumar Singh, Director, Department of Financial Services,...


08 April 2022
RBI Imposes Penalties On Axis, IDBI Bank

RBI Imposes Penalties On Axis, IDBI Bank

The central bank has also slapped a fine of Rs 90 lakh on IDBI Bank


21 February 2022
IPO-Bound LIC Wants To Remain IDBI Bank Shareholder For Bancassurance Gain

IPO-Bound LIC Wants To Remain IDBI Bank Shareholder For Bancassurance Gain

Bancassurance is an arrangement between a bank and an insurance company allowing the latter to sell its products to the bank's customers and others through the...


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21 February 2022
CBI Questions Rishi Agarwal In Rs 22,848 Crore ABG Shipyard Scam

CBI Questions Rishi Agarwal In Rs 22,848 Crore ABG Shipyard Scam

The CBI on February 7, had registered an FIR against ABG Shipyard after the State Bank of India (SBI) filed a complaint against the shipbuilding firm on August...


21 January 2022
IDBI Bank Net Profit Surges 53% To Rs 578 Crore In Q3

IDBI Bank Net Profit Surges 53% To Rs 578 Crore In Q3

 The bank's net interest income rose by 31 per cent to Rs 2,383 crore during the reported quarter as against Rs 1,817 crore in the year-ago period. 


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