IDBI Bank
- Business
Diamantaire group defaults on IDBI Bank’s mega loans of Rs 6,710 cr
Mumbai: In another stunner, a prominent diamantaire has allegedly defaulted repaying loans worth over a staggering Rs 6,710-crore to the government-backed private sector IDBI Bank Ltd, Mumbai, official sources said. The outstanding…
- Business
IDBI Bank okays preferential issues to LIC, Govt
Mumbai: IDBI Bank on Thursday approved the proposal for the preferential issue to the government and LIC aggregating after their infusion of Rs 4,557 crore and Rs 4,743 crore, respectively, a total…
- Business
IDBI Bank opens processing in 3 cities for Iran trade
NEW DELHI: Amid uncertainty over India’s oil import possibilities from Iran after May 2 when the waivers to US sanctions on Iran are withdrawn, state-run IDBI Bank has stepped-up efforts in this…
- Business
‘Rating IDBI Bank as private is against public interest’
Chennai: The All India Bank Employees’ Association (AIBEA) has demanded the Reserve Bank of India (RBI) to reconsider its decision to categorize IDBI Bank as a private entity. In a letter to…
- Business
IDBI Bank staff seek option to shift to other PSBs
NEW DELHI: The employees of IDBI Bank have opposed the bank’s categorisation as a private lender and are seeking the option to switch to any other nationalised bank with protection of pay…
- News
IDBI Bank staff seek option to shift to other PSBs
New Delhi: The employees of IDBI Bank have opposed the bank’s categorisation as a private lender and are seeking the option to switch to any other nationalised bank with protection of pay…
- Business
IDBI Bank proposes to change the name
Mumbai: IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders’…
- Business
LIC completes 51% acquisition in IDBI Bank
Mumbai: State-run Life Insurance Corporation of India (LIC) on Monday completed its acquisition of 51 per cent stake in the financially-stressed IDBI Bank, according to a regulatory filing by the bank. In…
