The Cabinet Committee on Economic Affairs gave in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank in May 2021
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
The Department of Investment and Public Asset Management (DIPAM) is currently holding roadshows in the US for the sale
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...
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
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
The LIC-controlled bank said its loan processing system is fully automated and this has helped in the growth of the gold loan book
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.
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
The preparation for privatization of IDBI Bank is going on, he said during a media interaction at the LIC IPO briefing.
The government nominee directors are Manoj Sahay, Joint Secretary and Financial Advisor, and Sushil Kumar Singh, Director, Department of Financial Services,...
The central bank has also slapped a fine of Rs 90 lakh on IDBI Bank
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...
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...
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.