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IDBI Bank divestment on track, reports on possible delay speculative: DIPA
Updated : 4 days, 16 hours ago IST
Reports of a possible deferment of the disinvestment of IDBI Bank are speculative and baseless, and the transaction continues to be on track, said the Department of Investment and Public Asset Management (DIPAM) on Friday.
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Three accused persons, in 2 different bribery cases, sentenced 2-4 yrs imp
Updated : 1 month, 1 week ago IST
The Special Judge for CBI cases, Visakhapatnam, on Thursday sentenced Surendranath Datti, former assistant general manager-cum-centre head of IDBI Bank Ltd's Vizag Retail Asset Centre, to two years imprisonment in a bank fraud case.
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IDBI Bank posts 60 pc growth in profit in third quarter
Updated : 1 month, 3 weeks ago IST
The Bank's interest income went up 13 per cent to Rs 5,231 crore, against Rs 4,624 crore in the year-ago period. Non-interest income decline 25 per cent to Rs 857 crore against Rs 1,138 crore in the year-ago period.
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CBI registers four separate cases against accused on allegations of bank f
Updated : 2 months, 1 week ago IST
The Central Bureau of Investigation (CBI) registered four separate cases of complaints from Canara Bank, Punjab National Bank, IDBI Bank Ltd. and EXIM Bank respectively against the accused and others including a private company.
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ED attaches assets worth Rs 20.31 crore in IDBI Bank loan fraud case
Updated : 2 months, 2 weeks ago IST
The Enforcement Directorate (ED) has provisionally attached immovable assets having market value of Rs 20.31 crore belonging to accused Mada Subrahmanyam, Mada Srinivasa Rao, Ganduri Mallikharjuna Rao, Eluri Prasada Rao, their family members and firms under the money laundering act in con
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Govt may extend dateline for submitting expression of interest of IDBI Ban
Updated : 3 months, 1 week ago IST
In October, the government and the LIC decided to offload a little over 30 per cent each in IDBI Bank. They issued a preliminary information memorandum, inviting EoIs for an aggregate 60.72 per cent stake, along with management control.
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Govt, LIC to divest 60.72 per cent stake in IDBI Bank
Updated : 5 months, 2 weeks ago IST
New Delhi [India], October 7 (ANI): The Government of India and Life Insurance Corporation of India (LIC) will together divest 60.72 per cent stake in IDBI Bank. The government on Friday invited the expression of interest for the divestment of stakes in the bank.
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IDBI Bank shares surge on bad loan recovery, privatisation buzz
Updated : 6 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], August 26 (ANI): Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privati
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IDBI Bank Q4 net profit rises 35 pc to Rs 691 crore
Updated : 10 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], May 2 (ANI): IDBI Bank on Monday said its net profit for the fourth quarter of the financial year 2021-22 rose to Rs 691 crore from Rs 512 crore in the corresponding quarter of the previous year, posting year-on-year growth of 35 per cent.
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CBI files case against private firm for cheating banks
Updated : 11 months, 1 week ago IST
Mumbai (Maharashtra) [India], April 13 (ANI): After receiving a complaint from IDBI Bank Ltd, Colaba, Mumbai, the Central Bureau of Investigation registered a case against a private company, informed the officials on Wednesday.
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DBI Bank Q3 profit jumps 53 per cent to Rs 578 crore
Updated : 1 year, 1 month ago IST
Mumbai [India], January 21 (ANI): IDBI Bank on Friday reported Rs 578 crore net profit for the third quarter of the current financial year, which is 53 per cent more when compared with the corresponding quarter of last year.
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ED provisionally attaches assets worth Rs 100 cr belonging to Rebba Satyan
Updated : 1 year, 2 months ago IST
New Delhi [India], December 23 (ANI): Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth Rs 100 crores belonging to Rebba Satyanarayana and his family members under Prevention of Money Laundering Act (PMLA), 2002, in a case of cheating IDBI bank by tak
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