IDBI Bank | The Asian Age

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The Reserve Bank of India (RBI) imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans.

RBI slaps Rs 3 crore monetary penalty on IDBI bank

Reserve Bank of India imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the norms.

12 Apr 2018 2:28 PM

A Bankability Kit, brought in partnership with Bank of Baroda and IDBI Bank

SIDBI launches virtual assistant, bankability kit to assist MSMEs

A new step forward in commencing Bancassurance services for MSMEs was taken.

02 Apr 2018 4:36 PM

The loans were sanctioned without obtaining proper documents, without conducting pre-sanction and post-sanction inspections and without ascertaining the end use of the loans.

CBI registers three cases against 52 persons

The valuers overvalued the properties mortgaged. The loans amounting to Rs 545.28 crore.

30 Mar 2018 4:45 AM

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

IDBI Bank discloses fraud of USD 119 million, shares fall

IDBI Bank fraudulent loans of 7.72 billion rupees were issued from 5 of its branches in Andhra Pradesh and Telangana.

28 Mar 2018 1:29 PM

Hailing BJD's impressive show in the bypoll, Odisha CM Naveen Patnaik, who is also the party chief, said the people of Bijepur have rejected violence. (Photo: File)

CBI registers another bank fraud worth Rs 515.15 cr, this time in Kolkata

BJD's Rita Sahu won the by-election by defeating her nearest BJP rival Ashok Panigrahi by a margin of 41,933 votes.

28 Feb 2018 5:07 PM

The bank's gross NPA ratio declined to 24.7 per cent from the high of 25 per cent in the quarter ended September 2017.

Moody's upgrades outlook on IDBI Bank to positive on recap

Under the recapitalisation plan, the bank will get Rs 7,881 crore in new capital by March.

27 Feb 2018 4:23 PM

Global ratings firm had also downgraded the bank's local and foreign currency bank deposit ratings.

IDBI Bank disengages Moody's from rating bonds

IDBI had reported a net loss of Rs 198 crore for second quarter ended September of the current fiscal.

27 Dec 2017 10:42 AM

Net NPAs too shot up significantly to 16.06 per cent from 8.32 per cent in the year-ago period.

IDBI Bank Q2 net loss at Rs 198 cr as NPAs rise

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

01 Nov 2017 9:10 AM

Bank unions would hold a two day strike later this month demanding wage revision.

IDBI Bank employees to go on 2-day strike

All India strike in IDBI Banks will be conducted on October 24 and 25 by employees.

13 Oct 2017 8:24 PM

IDBI Bank stock closed 1.53 per cent higher at Rs 56.55 on BSE on Thursday.

IDBI Bank sells 2.5 per cent stake in Clearing Corp

IDBI Bank has sold 12,50,000 equity shares in Clearing Corporation of India on September 13, 2017.

14 Sep 2017 7:19 PM

NCLT at Allahabad had initiated the insolvency proceedings against Jaypee Infratech based on IDBI's charge that the company has defaulted in loan repayment.

IDBI moves SC against stay of insolvency proceedings against jaypee infratech

Around 32,000 buyers have booked their homes in 27 different housing projects of Jaypee Infratech.

05 Sep 2017 12:29 PM

The Supreme Court of India. (Photo: PTI)

IDBI Bank rushes to SC with plea to review stay on Jaypee insolvency

SC accepts bank's petition and posts matter for hearing on Monday; homebuyers oppose bank's fresh submission.

05 Sep 2017 11:43 AM

The government is likely to continue support to state banks so that they do not miss coupon payments on AT1 bonds.

Govt likely to help PSBs meet AT1 coupon bonds coupon payments

If access to AT1 market weakens, it could escalate costs of recapitalisation of state-run banks for government.

16 Aug 2017 2:59 PM

Ten state-owned banks have submitted their turnaround plans to the government, which is a pre-requisite for getting fund infusion. (Representational Image)

10 PSU banks submit 'recapitalisation' plans to govt

Allahabad Bank, Dena Bank, UCO Bank, United Bank of India and Bank of Maharashtra are some of the 10 PSU banks.

25 Jul 2017 6:59 PM

CBI says sent all evidence against Vijay Mallya to UK on time

CBI had subsequently sent “additional evidence”, including a case supplementary chargesheet that was handed over to UK authorities.

16 Jun 2017 3:07 AM

Chargesheet against Vijay Mallya in IDBI loan case

57-page charge sheet was filed under various sections of Prevention of Money Laundering Act.

15 Jun 2017 9:43 AM

ED files chargesheet against Mallya under PMLA

57-page chargehsheet reveals 'dubious' Rs 900 cr loan was approved and disbursed by IDBI Bank.

14 Jun 2017 4:25 PM

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank sets up dept to manage bad loans

IDBI Bank's annual loss for 2016-17 widened to Rs 5,158 crore, as against Rs 3,665 crore in the previous fiscal.

08 Jun 2017 5:52 PM

Govt gives green signal to PSU bank merger

Finance Minister Arun Jaitley said the government is examining the possibility of consolidating some PSU banks.

06 Jun 2017 10:31 AM

Jain said the bank will look at reducing its operational cost and sell non-core assets over a period of time.

IDBI Bank crafts turnaround plan; to focus on NPA recoveries

The bank's gross NPAs almost doubled to 21.25 per cent of the gross advances in the fourth quarter of the last fiscal.

25 May 2017 7:23 PM

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Shobhaa De